Amid a weak global trend, gold futures were down by Rs 37 to Rs 25,244 per 10 gram today as participants trimmed their positions.
At the futures trading, gold for delivery in December traded lower by Rs 37 or 0.15 per cent at Rs 25,244 per 10 gram in a business turnover of 350 lots at the Multi Commodity Exchange.
On similar lines, the metal for delivery in far-month February next year shed Rs 33 or 0.13 per cent to Rs 25,390 per 10 gram in 32 lots.
Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas as expectations for an increase in US borrowing costs by the end of the year buoyed the dollar, curbing the metal’s appeal.
Meanwhile, gold prices in global market retreated as much as 0.4 per cent to $1,068.36 an ounce in Singapore today.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.