HindustanTimes Mon,22 Dec 2014

Gold futures down 0.71% on global cues

PTI  New Delhi, November 25, 2013
First Published: 11:40 IST(25/11/2013) | Last Updated: 11:46 IST(25/11/2013)

Gold prices moved down by 0.71% to Rs. 29,637 per 10 grams in futures trade today after participants offloaded partial positions, taking weak cues from the global market.


At the Multi Commodity Exchange, gold for delivery in December declined by Rs. 211, or 0.71% , to Rs. 29,637 per 10 grams in business turnover of 329 lots.

Likewise, the metal for delivery in February next year shed Rs. 131, or 0.62%, to Rs. 29,025 per 10 grams in 36 lots.

Market analysts said a weak trend in the overseas markets as the accord between Iran and world powers damped demand for haven assets, while holdings in exchange-traded products extended declines, mainly weighed on gold prices at futures trade here.

Globally, gold fell 0.5% to trade at nearly four-month low of  $1,237.45 an ounce in Singapore.

more from Business

Sensex extends gains, up 87 points in early trade

The benchmark BSE Sensex gained over 87 points in early trade on Monday on mild buying by funds and investors amid robust global trends coupled with positive domestic sentiments after the introduction of GST Bill in the Lok Sabha on Friday.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved