Gold & Silver

Gold futures down on weak global cues

PTI New Delhi | Updated on March 12, 2018 Published on November 27, 2014

Gold prices were down by 0.73 per cent to Rs 26,169 per 10 grams in futures trading today after participants offloaded partial positions amid weak cues from global markets.

At the Multi Commodity Exchange, gold for delivery in December month contracts declined by Rs 193, or 0.73 per cent, to Rs 26,169 per 10 grams in a business turnover of 436 lots.

Likewise, the metal for delivery in far-month February next year shed Rs 166, or 0.62 per cent, to Rs 26,636 per 10 grams in 152 lots.

Market analysts said trimming of positions by speculators tracking a weak trend in overseas markets mainly put pressure on the precious metal at futures trade here.

Globally, gold traded 0.40 per cent lower at USD 1,192.95 an ounce in Singapore today.

Published on November 27, 2014
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