Comments
Gold prices drifted lower by Rs 38 to Rs 32,320 per 10 gram at the futures trade today as participants lightened their positions, largely in tandem with a weak trend overseas.
Gold for delivery in far-month October was trading down by Rs 38 or 0.12 per cent at Rs 32,320 per 10 gram at the Multi Commodity Exchange with a business turnover of 34 lots.
The metal for delivery in August too fell Rs 30 or 0.09 per cent to Rs 31,851 per 10 gram in 458 lots.
Analysts said a weak trend in the overseas markets, where gold dropped as investors turned their focus to a US jobs report that will shed light on the health of the labour market in the world’s top economy, weighed on gold futures.
Globally, gold lost 0.4 per cent to $1,354.69 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.