Gold is trading at Rs 29,247 per 10 grams in futures trade amid weakening global trend.
Diwali is traditionally a time to indulge the Indian love of gold, but things have changed, according to Vikram Kabra, a gold jewellery dealer in the city. He says that sales of gold and silver are not encouraging this festive season. (Representational image)
New Delhi: Gold prices traded lower by 0.08 per cent to Rs 29,247 per 10 grams in futures trade on Friday as speculators trimmed positions amid weakening global trend.
At the Multi Commodity Exchange, gold for delivery in December declined by Rs 23, or 0.08 per cent to Rs 29,247 per ten grams in business turnover of 1,090 lots.
Market analysts said that the fall in gold futures was mostly in tune with a weak trend overseas as the dollar strengthened against a basket of major currencies after the European Central Bank said it would extend the lifespan of its bond-buying program.
( Source : PTI )
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