Gold & Silver

Gold futures decline to Rs 26,751 per 10 gm

PTI New Delhi | Updated on January 24, 2018

Gold futures weakened 0.21 per cent to Rs 26,751 per 10 gram today as speculators trimmed positions, tracking a weak global trend.

On the Multi Commodity Exchange, gold for delivery in June declined Rs 57 or 0.21 per cent to Rs 26,751 per 10 grams in a business turnover of 17 lots.

Likewise, the metal for delivery in August shed Rs 28 or 0.1 per cent to Rs 27,050 per 10 grams in 1,970 lots.

Analysts attributed the decline in gold futures to a weak global trend before the release of monthly data on US employment that will offer clues on the outlook for borrowing costs in the world’s largest economy.

Meanwhile, gold was 0.1 per cent lower at $1,183.66 an ounce in Singapore.

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Published on June 04, 2015
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