Business Market 18 May 2018 Gold futures slip 0. ...

Gold futures slip 0.10 per cent on global cues

PTI
Published May 18, 2018, 11:32 am IST
Updated May 18, 2018, 11:32 am IST
Gold is trading at Rs 31,200 per 10 grams in a business turnover of 2 lots.
Meanwhile, gold traded 0.19 per cent lower at USD 1,287.80 an ounce in Singapore.
 Meanwhile, gold traded 0.19 per cent lower at USD 1,287.80 an ounce in Singapore.

New Delhi: Gold futures fell by Rs 31 to Rs 31,200 per 10 grams on Friday as participants reduced their bets amid a weak trend overseas.

At the Multi Commodity Exchange, gold prices for delivery in far-month August was trading lower by Rs 31, or 0.10 per cent, to Rs 31,200 per 10 grams in a business turnover of 2 lots.

 

Also, the metal for delivery in June contract declined Rs 23, or 0.07 per cent, to Rs 30,955 per 10 grams in a business volume of 151 lots.

Analysts attributed the decline to trimming of positions by participants, tracking a weak trend in the global market where the precious metal edged down to near its lowest levels this year, pressured by a firm US dollar amid surging treasury yields.

Meanwhile, gold traded 0.19 per cent lower at USD 1,287.80 an ounce in Singapore. 

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Location: India, Delhi, New Delhi




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