Comments
Gold futures prices declined by Rs 53 to Rs 29,196 per 10 grams today, as speculators booked profits at existing higher levels amid a weakening global trend.
At the Multi Commodity exchange, gold for delivery in February declined by Rs 53 or 0.18 per cent to Rs 29,196 per 10 grams with a business turnover of 513 lots.
Similarly, the metal for delivery in December lost Rs 40 or 0.14 per cent to Rs 28,898 per 10 grams with a trade volume of 6,784 lots.
Market analysts said besides profit-booking by speculators at existing higher levels, reports of a weakening global trend mainly led to the decline in gold futures prices.
Meanwhile, the yellow metal dropped by 0.8 per cent to $1,765.53 an ounce in Singapore.
Comments
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.