Gold Futures Down on Weak Global Cues, Profit-Booking

Posted By: Super
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
    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