Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Dec 07, 2015

Gold Falls Rs 43 in Futures Trade on Weak Global Cues

Gold Falls Rs 43 in Futures Trade on Weak Global Cues
None

Gold prices fell by Rs 43 to Rs 25,799 per 10 grams in futures trade today as participants trimmed their positions, largely in tune with a weak trend overseas amid profit-booking.

In futures trading, gold for delivery in far-month April next year was trading Rs 43, or 0.17 per cent down, at Rs 25,799 per 10 grams at Multi Commodity Exchange with a business turnover of 4 lots.

Also, the metal for delivery in February shed Rs 29, or 0.11 per cent, to Rs 25,686 per 10 grams in 502 lots.

Analysts said a weakening trend in the overseas markets where gold decline as investors weighed a US jobs report that showed both a growth in payrolls and a rise in the rate of underemployment, kept pressure on the precious metal at futures trade here.

Globally, gold fell 0.3 per cent to USD 1,082.83 an ounce in Singapore.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search