Commodities

Gold futures down on global cues

PTI New Delhi | Updated on December 22, 2011 Published on December 22, 2011

Gold futures fell by Rs 81 or 0.28 per cent to Rs 27,728 per 10 grams today as speculators trimmed their positions, tracking weak overseas trends.

At the Multi-Commodity Exchange, gold for delivery in February fell by Rs 81 or 0.28 per cent to Rs 27,728 per 10 grams, with a turnover of 1,371 lots.

The metal for delivery in far-month April also shed Rs 76 or 0.27 per cent to Rs 28,035 per 10 grams, with a trading volume of 80 lots.

Analysts attributed fall in gold futures to offloading of positions by speculators tracking weak global markets.

Meanwhile, gold fell by 0.39 per cent to $1,610.50 an ounce in early trade in Singapore.

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Published on December 22, 2011
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