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Gold futures down over eurozone worries


Gold futures down over eurozone worries
Gold futures were trading down on Monday after climbing in previous sessions as concerns over the euro zone's debt crisis ahead of EU summit.

EU summit leaders are expected to agree on a balanced budget rule in national legislation, but unresolved problems in Greece cast a shadow on the discussions, reports reuters.


Globally, investors are parking surplus to the Dollar due to rising fears about the future of the euro zone.

On the Multi Commodity Exchange, gold for February delivery contract opened at Rs 28,030 per 10 grams and was seen trading at Rs 27,877 down by Rs 113 or 0.40% at 3.03 pm IST.

Similarly, the metal for April contract delivery was trading at of Rs 28,629 per 10 grams down by Rs 115 or 0.41%.

However, the spot gold on MCX rose was seen trading at Rs 28,029. Spot silver was down at Rs 55,417.

While, silver for March delivery on MCX was trading at Rs 56,509 down by Rs 720 or 1.26%. It touched intraday low of Rs 56,425.

US spot gold was seen trading at $1,721.11 a troy ounce.

Read more about: gold futures silver mcx euro zone
Story first published: Monday, January 30, 2012, 15:14 [IST]
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