Comments
Gold prices declined by Rs 91 to Rs 22,335 per 10 grams in futures trade today due to a weakening trend overseas.
At the Multi Commodity Exchange, gold for delivery in June declined by Rs 91 or 0.41 per cent to Rs 22,335 per 10 grams, with a business turnover of 122 lots.
Likewise, the metal for August delivery lost Rs 90 or 0.40 per cent to Rs 22,578 per 10 grams, with a business volume of 503 lots.
Analysts attributed the fall in gold futures to off-loading of positions by speculators, triggered by a weakening global trend as investor’s concerns that Greece may become the first euro country to default eased.
Meanwhile, gold traded lower by $3.80 to $1,530.50 an ounce in Asian region.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.