Gold futures down 0.2% on weak global cues
Dollar climbing on prospects for a US recovery affected gold futures globally
)
Gold futures for far-month June declined by Rs 51, or 0.17%, to Rs 30,145 per 10 gm in 216 lots.
At the Multi Commodity Exchange (MCX), the April contract shed Rs 47, or 0.16%, to Rs 29,585 per 10 gm in 389 lots.
Prices fell after participants off-loaded partial positions.
Besides, weak overseas markets trend were due to falling of holdings in exchange-traded products by the most on record.
Dollar climbing on prospects for a US recovery also affected the gold futures globally eroding the metal's allure as an alternative investment.
In Singapore, gold traded a shade lower at $1,605.97 an ounce.
At the Multi Commodity Exchange (MCX), the April contract shed Rs 47, or 0.16%, to Rs 29,585 per 10 gm in 389 lots.
Prices fell after participants off-loaded partial positions.
Besides, weak overseas markets trend were due to falling of holdings in exchange-traded products by the most on record.
Dollar climbing on prospects for a US recovery also affected the gold futures globally eroding the metal's allure as an alternative investment.
In Singapore, gold traded a shade lower at $1,605.97 an ounce.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Mar 28 2013 | 1:58 PM IST