Pic Courtesy: -
Zee Media Bureau
Gold prices fell by Rs 195 to Rs 29,650 per ten grams in futures trade Tuesday as speculators offloaded their positions in tandem with a weakening trend overseas.
At the Multi Commodity Exchange (MCX), gold for delivery in April declined by Rs 195 to Rs 29,650 per ten grams after moving in range of Rs 29,600 – Rs 29,834.
Similarly, silver for delivery in March dropped by Rs 366 to Rs 43,492 per Kg.
Gold in overseas markets, which normally set price trend on the domestic front, fell by over 0.5 percent after logging climbing 1.1 percent yesterday.
Spot gold last traded down USD 8.10 or 0.64 percent at USD 1,250 an ounce after moving in range of USD 1,246.80 – USD 1,262 per ounce.
Meanwhile, gold prices rose by Rs 300 to Rs 30,700 per ten gram at Delhi bullion market on sustained buying by stockists for the ongoing marriage season amid a firming global trend.
Silver prices also spurted by Rs 590 to Rs 44,200 per kg.
First Published: Tuesday, February 04, 2014, 21:08
Gold price falls Rs 195 in futures trade
No comments:
Post a Comment