Comments
Gold futures fell 0.10 per cent to Rs 30,787 per 10 gram on Wednesday as participants trimmed their bets owing to a weak global trend.
At the Multi Commodity Exchange, gold for delivery in October shed Rs 32, or 0.10 per cent, to Rs 30,787 per 10 gram in a business turnover of 78 lots. The metal for December delivery also fell by a similar margin to trade at Rs 31,093 per 10 gram in 49 lots.
Market analysts attributed the fall in gold prices to a weak trend overseas as investors awaited cues from the US Federal Reserve’s two-day meeting, where policy makers are expected to raise interest rates for the third time this year.
Meanwhile, gold traded at $1,201.60 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.