Business Market 31 Aug 2017 Gold futures slide t ...

Gold futures slide to Rs 29,431 per 10 grams on weak global cues

PTI
Published Aug 31, 2017, 12:02 pm IST
Updated Aug 31, 2017, 12:02 pm IST
Analysts attributed fall in gold futures to weak trend overseas as dollar strengthened.
Gold for December delivery declined by Rs 102, or 0.34 per cent, to Rs 29,600 per 10 grams.
 Gold for December delivery declined by Rs 102, or 0.34 per cent, to Rs 29,600 per 10 grams.

New Delhi: Gold prices fell 0.42 per cent to Rs 29,431 per 10 grams in futures trade today as participants cut down bets amid a weak global trend.

At the Multi Commodity Exchange, gold prices for delivery in October were trading lower by Rs 124, or 0.42 per cent, to Rs 29,431  per 10 grams in a business turnover of 749 lots.

 

Also, the metal for delivery in December declined by Rs 102, or 0.34 per cent, to Rs 29,600 per 10 grams in five lots.

Analysts attributed the fall in prices to weak trend overseas as the dollar strengthened against a basket of major currencies, eroding demand for precious metals.

Meanwhile, gold was trading 0.41 per cent down at USD 1,302.70 an ounce in Singapore today.

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Location: India, Delhi, New Delhi




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