For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Gold futures slide 0.41% on weak global cues

    |
    Gold futures slide 0.41% on weak global cues
    New Delhi: Tracking a weak global trend, gold prices slide by 0.41 percent to Rs 26,760 per 10 grams in futures trading Tuesday as speculators offloaded their positions.
     

    At the Multi Commodity Exchange, gold for delivery in October declined by Rs 108, or 0.41 percent, to Rs 26,760 per 10 grams in business turnover of 327 lots.

    Similarly, the yellow metal for delivery in August traded lower by Rs 98, or 0.37 percent, to Rs 26,627 per 10 grams in 9,731 lots.

    Market analysts attributed the fall in gold futures to offloading of positions by speculators on the back of weak global trend where the traded near its lowest level since September, 2010.

    They said the metal declined in global markets as investors weighed the prospect of reduced monetary stimulus by the US Federal Reserve and slower growth in China.

    Meanwhile, gold in Singapore fell 0.4 percent to USD 1,276.73 an ounce.

    PTI

    Read more about: gold futures
    Story first published: Tuesday, June 25, 2013, 14:36 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more