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

Gold declines by 0.5% in futures trade on global cues

Slackened demand from jewellers also affected prices

Gold declines by 0.5% in futures trade on global cues
Press Trust of India New Delhi
Last Updated : Jan 13 2016 | 12:16 PM IST
Taking weak cues from global market and slackened demand from jewellers, gold prices declined by Rs 123 to Rs 25,669 per 10 grams as participants trimmed positions.

At the Multi Commodity Exchange, gold for delivery in far-month April shed Rs 123, or 0.48%, to Rs 25,669 per ten grams in a business turnover of 30 lots.

In a similar fashion, the metal for delivery in February was trading lower by Rs 120, or 0.47%, to Rs 25,554 per ten grams in 1,058 lots.

Also Read

Analysts said sustained fall in the metal's prices at futures trade was mostly in tandem with global sell-offs.

Globally, gold fell 0.1% to $1,085.70 an ounce in Singapore today.

More From This Section

First Published: Jan 13 2016 | 12:02 PM IST

Next Story