Gold down 0.1% on global cues
Metal for delivery in far-month December traded lower by 0.13%
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Gold prices fell by 0.15% to Rs 27,419 per 10 grams in futures trading today as speculators trimmed positions, tracking a weak global trend.
At the Multi Commodity Exchange, gold for delivery in October declined by Rs 42, or 0.15% to Rs 27,419 per ten gram in business turnover of 230 lots.
Similarly, the metal for delivery in far-month December traded lower by Rs 36, or 0.13% to Rs 27,599 per ten gram in 2 lot.
Analysts attributed the fall in gold futures to a weak global trend as the dollar strengthened before data that may back the case for the Federal Reserve to raise borrowing costs at a time when the European Central Bank boosts stimulus.
Meanwhile, gold fell 0.3% to USD 1,257.36 an ounce, the lowest level since June 10 in Singapore.
At the Multi Commodity Exchange, gold for delivery in October declined by Rs 42, or 0.15% to Rs 27,419 per ten gram in business turnover of 230 lots.
Similarly, the metal for delivery in far-month December traded lower by Rs 36, or 0.13% to Rs 27,599 per ten gram in 2 lot.
Analysts attributed the fall in gold futures to a weak global trend as the dollar strengthened before data that may back the case for the Federal Reserve to raise borrowing costs at a time when the European Central Bank boosts stimulus.
Meanwhile, gold fell 0.3% to USD 1,257.36 an ounce, the lowest level since June 10 in Singapore.
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First Published: Sep 05 2014 | 10:50 AM IST