​​​
  1. Gold futures fall 1.13% on weak global cues

Gold futures fall 1.13% on weak global cues

Gold prices fell by 1.13 per cent to Rs 27,011 per 10 grams in futures trade today as speculators...

By: | New Delhi | Updated: December 16, 2014 11:13 AM

Gold prices fell by 1.13 per cent to Rs 27,011 per 10 grams in futures trade today as speculators reduced their exposures, tracking overnight plunge in the precious metals in global markets.

At the Multi Commodity Exchange, gold for delivery in February next year fell sharply by Rs 309, or 1.13 per cent, to Rs 27,011 per 10 grams in a business turnover of 1,725 lots.

Likewise, the metal for delivery in April 2015 contracts eased by Rs 281, or 1.02 per cent, to Rs 27,160 per 10 grams in 14 lots.

Market analysts said a weak trend in overseas markets where the precious metal retreated by 2.32 per cent — the most since December 19 — to 1,193.50 after positive US manufacturing data supported the case for higher borrowing costs next year weighed on gold prices in futures trade here.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Tags: Gold

Go to Top