Gold prices eases up to Rs 27,803 per 10 grams in futures trade
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New Delhi: Gold prices eased by 0.15 per cent to Rs 27,803 per 10 grams in futures trade on Wednesday, as participants offloaded positions on weak cues from global markets.
At the Multi Commodity Exchange, gold for delivery in October declined by Rs 42, or 0.15 per cent, to Rs 27,803 per 10 grams in a business turnover of 1,832 lots. Likewise, the metal for delivery in August shed Rs 22, or 0.08 per cent, to Rs 27,724 per 10 grams in 1,832 lots.
Market analysts said a weak trend in the overseas markets on signs that the recent rally in precious metal has hurt demand put pressure on gold prices at futures trade here. Globally, gold fell 0.07 per cent to USD 1,325.20 an ounce in early trade in Singapore today.
( Source : PTI )
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