Comments
Amid a weak global trend, gold futures fell Rs 22 to Rs 31,154 per 10 gm today as participants trimmed their positions.
At the Multi Commodity Exchange, gold for delivery in October was trading lower by Rs 22 or 0.07 per cent at Rs 31,154 per 10 gm in a business turnover of 211 lots.
Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas as signs of US economic resilience boosted world equities and the dollar, reducing demand for the precious metal as a haven.
Meanwhile, gold prices in global market retreated as much as 0.09 per cent to $1,333.80 an ounce in Singapore today.
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.