Gold futures down 0.1% on weak global cues
Participants offloaded partial positions amid weak cues from the global market
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Gold prices moved down by 0.12% to Rs 27,402 per 10 grams in futures trade today after participants offloaded partial positions amid weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in February next year eased by Rs 34, or 0.12%, to Rs 27,402 per 10 grams in a business turnover of five lots.
Likewise, the metal for delivery in December shed Rs 16, or 0.06%, to Rs 27,240 per 10 grams in 389 lots.
Market analysts said a weak trend in the overseas markets as a rebound in global equities reduced demand for a haven, mainly weighed on gold prices at futures trade here.
Globally, gold fell 0.30% to $1,234.74 an ounce in Singapore today.
At the Multi Commodity Exchange, gold for delivery in February next year eased by Rs 34, or 0.12%, to Rs 27,402 per 10 grams in a business turnover of five lots.
Likewise, the metal for delivery in December shed Rs 16, or 0.06%, to Rs 27,240 per 10 grams in 389 lots.
Market analysts said a weak trend in the overseas markets as a rebound in global equities reduced demand for a haven, mainly weighed on gold prices at futures trade here.
Globally, gold fell 0.30% to $1,234.74 an ounce in Singapore today.
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First Published: Oct 20 2014 | 11:26 AM IST