Commodities

Gold futures fall on global cues

PTI New Delhi | Updated on March 20, 2012 Published on March 20, 2012

Gold prices fell Rs 67 to Rs 27,834 per 10 grams in futures trade today after speculators offloaded their positions, tracking a weak trend in global markets.

At the Multi-Commodity Exchange, gold for delivery in April fell by Rs 67, or 0.24 per cent, to Rs 27,834 per 10 grams, with a business turnover of 3,319 lots.

Similarly, the metal for delivery in June declined by Rs 66, or 0.23 per cent, to Rs 28,231 per 10 grams, with an open interest of 148 lots.

Market analysts said offloading of positions by speculators largely in tandem with a weak trend in global markets led to a fall in gold prices at futures trade.

Meanwhile, gold fell by $7.20 to $ 1,656.30 an ounce in Singapore.

Published on March 20, 2012
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