Comments
Tracking a weakening global trend, gold futures prices declined by Rs 45 to Rs 27,945 per 10 grams today as speculators offloaded their positions.
Trading sentiment turned bearish after gold declined from a seven-week high in global markets as European Union leaders prepared to gather for their first debt-crisis summit of the year, boosting the dollar.
At the Multi Commodity Exchange, gold for delivery in February declined by Rs 45 or 0.16 per cent to Rs 27,945 per 10 grams with a business turnover of 6,538 lots. Likewise, April contract shed Rs 36 or 0.13 per cent to Rs 28,348 per 10 grams with a business turnover of 3,204 lots.
Marketmen said gold futures prices declined due to a weakening global trend.
The yellow metal lost 0.4 per cent to $1,731.65 an ounce in Singapore.
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.