Gold futures declines to Rs 28,098 per 10 grams

Business

oi-Sneha

By Sneha B K

Published: Thursday, March 29, 2012, 15:34 [IST]

Gold price fell on Thursday as speculators preferred to book profit. India, which is the biggest buyer of jewellery in the world saw decrease in physical demand due to extended strike.

The most traded commodity gold for April delivery on MCX opened at Rs 28,098 per 10 grams and was seen trading at Rs 28,118 per 10 grams lower by Rs 36 at 3.30 pm IST.

While the futures for June contract were seen trading at Rs 28,556 per 10 grams up by Rs 3.

Spot gold was seen trading down at Rs 27,883 per 10 grams, while silver rose to Rs 55,750 per kgs.

While, silver for March delivery on MCX was seen trading at 56,450 per kgs lower by Rs 128.

International gold was seen trading at US $1,655 a troy ounce.

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