Comments
Gold futures prices today fell 0.39 per cent to Rs 27,840 per 10 grams as speculators offloaded their positions even as the metal staged a rebound overseas.
On the Multi Commodity Exchange, gold for delivery in April fell Rs 109 or 0.39 per cent to Rs 27,840 per 10 grams in a business turnover of 19 lots. Similarly, the metal for delivery in February lost Rs 98 or 0.34 per cent to Rs 28,456 per 10 grams in 324 lots.
Market analysts attributed the fall in gold futures prices to offloading of positions even as the precious metal rebounded from over three-year low in the overseas market.
Globally, gold rose 0.3 per cent to $1,207 an ounce in Singapore in early trade today.
Meanwhile, the white metal closed at $1,188.68 on December 19, the lowest since August 3, 2010, after the Federal Reserve said it will reduce the stimulus.
Comments
COMMENT NOW
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.