Gold down 0.2% on weak global cues
Metal for delivery in October shed 0.19%
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Tracking weak trend overseas, gold futures fell 0.23% to Rs 28,528 per 10 grams today as speculators reduced their exposures amidst a weak global trend.
At the Multi Commodity Exchange, gold for delivery in December fell by Rs 65, or 0.23%, to Rs 28,528 per 10 grams in a business turnover of 23 lots.
On similar lines, the metal for delivery in October shed Rs 54, or 0.19%, to Rs 28,550 per 10 grams in 310 lots.
Market analysts said the fall in gold futures was mostly in line with a weak trend overseas as investors weighed tensions in the Middle East and Ukraine, while assets in the biggest exchange-traded product capped the largest weekly contraction in three months.
Meanwhile, gold prices fell by 0.30% to USD 1,305.28 an ounce in Singapore today.
At the Multi Commodity Exchange, gold for delivery in December fell by Rs 65, or 0.23%, to Rs 28,528 per 10 grams in a business turnover of 23 lots.
On similar lines, the metal for delivery in October shed Rs 54, or 0.19%, to Rs 28,550 per 10 grams in 310 lots.
Market analysts said the fall in gold futures was mostly in line with a weak trend overseas as investors weighed tensions in the Middle East and Ukraine, while assets in the biggest exchange-traded product capped the largest weekly contraction in three months.
Meanwhile, gold prices fell by 0.30% to USD 1,305.28 an ounce in Singapore today.
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First Published: Aug 11 2014 | 12:06 PM IST