Gold & Silver

Weak global cues pull gold futures down to Rs 29,275

PTI New Delhi | Updated on January 09, 2018

Gold prices fell 0.15 per cent to Rs 29,275 per 10 grams at the futures trade today as participants trimmed their positions owing to a weak global trend.

At the Multi Commodity Exchange, gold prices for delivery in December fell Rs 43 or 0.15 per cent to Rs 29,275 per 10 grams in a business turnover of 77 lots.

Analysts attributed the fall in prices to cutting down of positions by participants, tracking a weak trend in the global market, as investors remained cautious ahead of the naming of the next US Federal Reserve chair and a two-day Federal Open Market Committee (FOMC) meeting this week.

Meanwhile, gold fell 0.16 per cent to $1,271.20 an ounce in Singapore today.

Published on October 30, 2017

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