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Gold prices fall on weak global cues

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Press Trust of India New Delhi

Gold futures prices tumbled by 1.43 per cent today on fresh off-loading by speculators in line with a weakening global trend.

Gold for far-month June contract tumbled by 1.43 per cent to Rs 17,320 per ten gram in one lot.

The metal for delivery in April also plunged by 1.08 per cent to 17,282 per ten gram in 186 lots, while February by 1.13 per cent to Rs 17,236 per ten gram in business volume of 6,201 lots.

Marketmen said fresh off-loading by speculators on the back of weakening trend in global markets mainly pulled down gold prices at futures market.

 

Meanwhile, gold tumbled by $29.30 to $1,128.30 an ounce in New York last night.

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First Published: Dec 09 2009 | 12:21 PM IST

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