Gold prices decline 0.91 pc in futures trade

Metal dips to over four-year low overseas, as investment demand wanes amid surging dollar

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Press Trust of India New Delhi
Last Updated : Nov 11 2014 | 12:36 PM IST
Gold prices today fell by 0.91 per cent to Rs 25,498 per ten grams in futures trade in line with weak overseas trends.

Gold prices fell by Rs 235, or 0.91 per cent, to trade at Rs 25,498 per 10 grams for delivery in December at the Multi Commodity Exchange in 851 lots.

February gold dropped by Rs 219, or 0.84 per cent, to Rs 25,717 per 10 gram in 29 lots.

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Analysts said weakness in the overseas markets, where gold dipped to over four-year low as investment demand waned amid surging dollar, put pressure on the precious metal prices at futures trade.

Globally, gold traded at $1,149.30 an ounce in Singapore from $1,151.47 in yesterday's trade.

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First Published: Nov 11 2014 | 11:40 AM IST

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