Gold futures decline to Rs 27,803 on global cues

PTI | | Updated on: Nov 24, 2017


Gold prices eased 0.15 per cent to Rs 27,803 per 10 grams at the futures trade today as participants offloaded positions on weak cues from global market.

On the Multi Commodity Exchange, gold for delivery in October declined Rs 42 or 0.15 per cent to Rs 27,803 per 10 grams in a business turnover of 1,832 lots.

Likewise, the metal for delivery in August shed Rs 22 or 0.08 per cent to Rs 27,724 per 10 grams in 1,832 lots.

Market analysts said a weak trend in the overseas market on signs that the recent rally in precious metal has hurt demand put pressure on gold prices at the futures trade here.

Globally, the yellow metal fell 0.07 per cent to $1,325.20 an ounce in early trade in Singapore today.

Published on July 02, 2014
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