Commodities

Gold futures down

PTI New Delhi | Updated on December 26, 2011 Published on December 26, 2011

Amid absence of cues from the overseas markets and a firm rupee, gold prices declined by 0.17 per cent to Rs 28,062 per 10 grams in futures trade today.

At the Multi Commodity Exchange, gold for delivery in April eased Rs 47 or 0.17 per cent to Rs 28,062 per 10 grams, with a business turnover of 19 lots.

Similarly, the metal for delivery in February lost Rs 43, or 0.15 per cent, to Rs 27,753 per 10 grams, with a trade volume of 363 lots.

In Asian trade, gold little changed at $1,604.07 an ounce in Singapore in early trade today.

Analysts said absence of any direction from global markets, which are closed today for local holiday, mainly put some pressure on the gold futures prices here.



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Published on December 26, 2011
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