Don’t miss the latest developments in business and finance.

Gold futures down by 0.2% on global cues

Participants offloaded positions partially, taking weak cues from the global market

Press Trust of India New Delhi
Last Updated : Dec 31 2013 | 9:02 AM IST
Gold prices moved down by 0.19% to Rs 28,509 per 10 gram in futures trade today as participants offloaded positions partially, taking weak cues from the global market.

At the Multi Commodity Exchange, gold for delivery in February contracts declined by Rs 55, or 0.19%, to Rs 28,509 per 10 gram in business turnover of 341 lots.

Likewise, the metal for delivery in April shed Rs 44, or 0.16%, to Rs 27,898 per 10 gram in 23 lots.

Also Read

Market analysts said a weak trend in the overseas markets as investor holdings extended declines to the lowest since 2009, mainly put pressure on the gold prices at futures trade here.

Globally, gold fell 0.3% to $1,209.76 an ounce in early trade Singapore today.

More From This Section

First Published: Dec 30 2013 | 10:55 AM IST

Next Story