Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Market / Stock-market-news/  Gold futures down 0.71% on global cues
BackBack

Gold futures down 0.71% on global cues

At the MCX, gold for delivery in December declined by `211 to `29,637 per 10 grams in business turnover of 329 lots

Gold for delivery in February next year shed `131, or 0.62%, to `29,025 per 10 grams in 36 lots. Photo: BloombergPremium
Gold for delivery in February next year shed `131, or 0.62%, to `29,025 per 10 grams in 36 lots. Photo: Bloomberg

New Delhi: Gold prices moved down by 0.71% to 29,637 per 10 grams in futures trade on Monday after participants offloaded partial positions, taking weak cues from the global market.

At the Multi Commodity Exchange, gold for delivery in December declined by 211, or 0.71%, to 29,637 per 10 grams in business turnover of 329 lots.

Likewise, the metal for delivery in February next year shed 131, or 0.62%, to 29,025 per 10 grams in 36 lots.

Market analysts said a weak trend in the overseas markets as the accord between Iran and world powers damped demand for haven assets, while holdings in exchange-traded products extended declines, mainly weighed on gold prices at futures trade here.

Globally, gold fell 0.5% to trade at nearly four-month low of $1,237.45 an ounce in Singapore.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 25 Nov 2013, 11:53 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App