Gold & Silver

Gold futures down at Rs 28,079 per 10 gm

PTI New Delhi | Updated on March 12, 2018 Published on April 30, 2014

gold

Gold futures fell 0.28 per cent to Rs 28,079 per 10 grams today as participants engaged in reducing their exposures, largely in tandem with a global trend.

On the Multi Commodity Exchange, gold for delivery in August fell Rs 80 or 0.28 per cent to trade at Rs 28,079 per 10 grams in a turnover of 134 lots.

Similarly, the metal for delivery in June shed Rs 47 or 0.16 per cent to Rs 28,703 per 10 gm in 1,323 lots.

Globally, gold lost as much as 0.25 per cent to $1,292.70 an ounce in Singapore today.

Analysts said a weak trend overseas on speculation that the Federal Reserve will further reduce US monetary stimulus at a two-day policy meeting that concludes today, put pressure on gold futures here.

Published on April 30, 2014
null
This article is closed for comments.
Please Email the Editor