Wednesday, March 05, 2025 | 11:28 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Gold futures down by 0.8% amid weak global cues

Besides, profit-booking by speculators at existing levels weighed on the precious metal prices

Gold futures down by 0.8% amid weak global cues

Press Trust of India New Delhi
Amid a weakening global trend, gold futures traded lower by Rs 225 at Rs 28,374 per 10 grams today as speculators cut down their bets.

Besides, profit-booking by speculators at existing levels weighed on the precious metal prices.

Gold for delivery in April dropped Rs 225, or 0.79%, to Rs 28,374 per 10 grams, in a business turnover of 363 lots at the Multi Commodity Exchange.

In a similar fashion, the metal for delivery in far-month June was trading down Rs 223, or 0.77%, to Rs 28,639 per 10 grams in 78 lots.

Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas where it sank to one month lows as the dollar's rally hurts the allure of the metal that has been the best-performing commodity of 2016.
 
Meanwhile, gold prices fell 0.23% to $1,213.40 an ounce in Singapore today.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 28 2016 | 11:02 AM IST

Explore News