Gold & Silver

Gold futures down at Rs 27,341 per 10 gm

PTI New Delhi | Updated on March 12, 2018 Published on December 12, 2014

Tracking a weak global trend, gold prices eased 0.18 per cent to Rs 27,341 per 10 grams at the futures market today as speculators offloaded their positions.

At the Multi Commodity Exchange, gold for delivery in far-month April fell Rs 50 or 0.18 per cent to Rs 27,341 per 10 grams in a business turnover of one lot.

Similarly, the yellow metal for delivery in February lost Rs 38 or 0.14 per cent to Rs 27,220 per 10 grams in 108 lots.

Market analysts said the fall in gold futures was mostly due to a weak trend in the global market as gains in the US economy boosted speculation that the Federal Reserve will raise interest rates soon, eroding the appeal of the precious metal.

Meanwhile, gold in Singapore dropped 0.48 per cent to $1,221.50 an ounce.

Published on December 12, 2014
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