Begin typing your search above and press return to search.
exit_to_app
His name is Khan, after all
access_time 2021-10-18T10:43:46+05:30
Not Rahul; Time for Priyanka in Uttar Pradesh
access_time 2021-10-18T15:35:44+05:30
Five years on,  Najeeb still missing
access_time 2021-10-14T11:35:37+05:30
access_time 2021-10-13T13:28:12+05:30
More than just an award, a message
access_time 2021-10-11T09:31:16+05:30
DEEP READ
exit_to_app
Homechevron_rightBusinesschevron_rightGold futures weaken on ...

Gold futures weaken on sluggish demand, global cues

text_fields
bookmark_border
Gold futures weaken on sluggish demand, global cues
cancel

New Delhi: Gold prices weakened by Rs 33 to Rs 30,761 per 10 grams in futures trading Thursday, as speculators trimmed their positions on sluggish demand in the spot market amid a weak global trend.

At the Multi Commodity Exchange, gold for delivery in February weakened by Rs 33, or 0.11 per cent to Rs 30,761 per 10 grams in business turnover of 5315 lots.

Similarly, the metal for April contract lost Rs 30, or 0.10 per cent, to Rs 31,389 per 10 grams in 427 lots.

Market analysts said besides a sluggish spot demand, weak global trend on strengthening of the US dollar sapped demand for gold as an alternative investment, which led to the fall in the futures prices of the precious metal.

Meanwhile, gold dropped 0.2 per cent to USD 1,654.10 an ounce in Singapore.

PTI

Show Full Article
TAGS:
Next Story