Gold futures decline to Rs 28,145 per 10 grams

Business

oi-Sneha

By Sneha B K

Published: Monday, February 13, 2012, 15:27 [IST]

Gold price fell on Monday as speculators preferred to book profit with price falling. India, which is the biggest buyer of jewellery in the world saw decrease in physical demand.

The most traded commodity gold for April delivery on MCX opened at Rs 28,240 per 10 grams and was seen trading at Rs 28,145 per 10 grams lower by Rs 114 at 3.15 pm IST.

While the futures for June contract were seen trading at Rs 28,477 per 10 grams lower by Rs 119.

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

Domestically, Gold of 99.9 fell by Rs 70 to Rs 28,330 and 99.5 fell to Rs 28,190 per 10 grams.

While, silver for March delivery on MCX was seen trading at 56,800 per kgs lower by Rs 75.

International gold rose after Greece government approved austerity bill to avoid defaults and gold was seen trading at US $1,729 a troy ounce.

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