Archive for the ‘gold’ Category

Gold prices fall on weak global cues

Due to fresh off-loading by speculators in sync with a weakening global trend, gold futures prices declined by 1.43%.

However, gold for far-month June contract tumbled by 1.43% to Rs 17,320 per ten gram in one lot.

Meanwhile, the metal for delivery in April also declined by 1.08% to 17,282 per ten gram in 186 lots, while February by 1.13% to Rs 17,236 per ten gram in business volume of 6,201 lots.

On the other hand, it is said that fresh off-loading by speculators on account of weakening trend in global markets decreased gold prices at futures market.

Further, gold tumbled by 29.30 dollar to 1128.30 dollar an ounce in New York last night.