Gold futures decline to Rs 28,157 per 10 grams

Business

oi-Sneha

By Sneha B K

Published: Thursday, February 16, 2012, 15:35 [IST]

Gold declined in today's trade after climbing in previous session as investors are cautious against taking any major move, as the direction still seems to be unpredictable due to uncertainties over the Greek bailout and tracking weak euro.

Gold for April delivery contract on MCX was trading marginally low at Rs 28,157 per 10 grams lower by Rs 13 at 3.30 pm IST.

Domestically, Gold of 99.9 was at Rs 28,340 and 99.5 was at Rs 28,200 per 10 grams.

While the futures for June contract were seen trading at Rs 28,514 per 10 grams lower by Rs 12.

Spot gold increased and was seen trading at Rs 27,899 per 10 grams and silver down at Rs 55,718 per kgs.

While, silver for March delivery on MCX was seen trading at 56,165 per kgs lower by Rs 138.

International gold was seen trading at US $1,717 a troy ounce.

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