Business Market 14 Aug 2017 Gold futures fall 0. ...

Gold futures fall 0.23 per cent on global cues

PTI
Published Aug 14, 2017, 12:09 pm IST
Updated Aug 14, 2017, 12:09 pm IST
Gold is trading at Rs 29,135 per 10 grams in futures trade as participants trimmed their positions.
Globally gold lost 0.71 per cent to USD 1,286 an ounce in Singapore.
 Globally gold lost 0.71 per cent to USD 1,286 an ounce in Singapore.

New Delhi: Gold prices drifted lower by 0.23per cent to Rs 29,135 per 10 grams in futures trade on Monday as participants trimmed their positions, tracking a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in October fell by Rs 68, or 0.23 per cent, to Rs 29,135 per 10 grams, in a business turnover of 185 lots. Similarly, the yellow metal for delivery in far-month December declined by Rs 44, or 0.15 per cent, to Rs 29,190 per 10 grams in three lots.

 

Analysts said a weakening trend in the overseas markets where gold edged lower as the dollar edged higher against a basket of major currencies with rising tensions between the US and North Korea seen as the key to the near-term outlook, weighed on gold prices in futures trade.

Globally, gold lost 0.71 per cent to USD 1,286 an ounce in Singapore.

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Location: India, Delhi, New Delhi




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