Gold & Silver

Gold futures extend losses; down at Rs 27,637 per 10 gm

PTI New Delhi | Updated on March 12, 2018 Published on June 25, 2014


Continuing its losing streak for the third day, gold prices fell 0.34 per cent to Rs 27,637 per ten gram at the futures trade today as speculators engaged in offloading positions due to weak global trend.

On the Multi Commodity Exchange, gold for delivery in August declined Rs 94 or 0.34 per cent to Rs 27,637 per ten gram in a business turnover of 1,950 lots.

Similarly, the yellow metal for delivery in far-month October lost Rs 71 or 0.26 per cent to Rs 27,828 per ten gram in 36 lots.

Analysts attributed the fall in gold futures to a weak trend overseas as investors weighed the outlook for the US economy against speculation that a rally to the highest level in two months may spur sales.

Meanwhile, the yellow metal shed 0.6 per cent to $1,310.70 an ounce in Singapore.

Published on June 25, 2014
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.