Gold futures down on weak global cues

PTI
Published Mar 6, 2014, 4:25 pm IST
Updated Mar 19, 2019, 11:34 am IST
Market analysts said a weak trend in the Asian markets mainly weighed on the gold prices at futures trade.

New Delhi: Gold futures prices today moved down by 0.24 per cent to Rs 30,085 per 10 gram, after participants offloaded partial positions, taking weak cues from the global market.

At the Multi Commodity Exchange, gold for delivery in April eased by Rs 73, or 0.24 per cent, to Rs 30,085 per 10 gm in business turnover of 451 lots.

 

Likewise, the metal for delivery in far-month June shed Rs 18, or 0.06 per cent, to Rs 29,395 per 10 gm in 75 lots. Market analysts said a weak trend in the Asian markets after investors cut holdings due to slowed physical purchases in China, the world's largest consumer, mainly weighed on the gold prices at futures trade here.

Globally, gold traded lower at USD 1,336.80 an ounce in early trade today as against yesterday's USD 1,336.90 in Singapore.

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