Gold & Silver

Gold futures extends losses

PTI New Delhi | Updated on December 19, 2011 Published on December 19, 2011

Gold prices fell 0.36 per cent to Rs 27,565 per 10 grams at the futures trade today, in tune with a weakening trend in overseas markets.

At the Multi Commodity Exchange, gold for delivery in February fell Rs 71 or 0.36 per cent to Rs 27,565 per 10 grams in 4,712 lots. In a similar fashion, the metal for April delivery lost Rs 84 or 0.3 per cent to Rs 27,858 per 10 grams in 153 lots.

Market analysts said a subdued trend in precious metals in global markets after ratings agency Fitch warned of a possible downgrade of France kept investors on the edge about the situation in Europe, eroding the demand for the precious metals.

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Published on December 19, 2011
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