Gold Futures Down on Weak Global Cues, Profit-Booking

Subscribe to GoodReturns

New Delhi, Mar 10 (PTI) Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.45 per cent to Rs 26,085 per 10 grams in futures trade today.

At the Multi Commodity Exchange, gold for delivery in far-month June eased by Rs 117, or 0.45 per cent, to Rs 26,085 per 10 grams in a business turnover of 17 lots.

Gold Futures Down on Weak Global Cues, Profit-Booking

Likewise, the metal for delivery in April shed Rs 87, or 0.41 per cent, to Rs 25,917 per 10 gram in 363 lots.

Analysts said a weak trend in the overseas markets where gold traded at near three-month lows as the dollar extended gains on speculation the US Federal Reserve may raise interest rates this year as the economy recovers, weighed on the precious metal prices at futures trade here.

Globally, gold traded 0.48 per cent down at USD 1,161.30 an ounce in Singapore today. 

PTI

Read more about: gold futures, mcx
Story first published: Tuesday, March 10, 2015, 11:50 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?