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Gold futures decline on global cues
Highlights
Gold future prices on March 30, shed 0.56 per cent to Rs 26,420 per 10 grams as participants offloaded their positions after the metal rates dropped in global markets. Gold prices fell by Rs 149, or 0.56 per cent, to trade at Rs 26,420 per 10 gram for delivery in April contracts at the Multi Commodity Exchange. It clocked a turnover of 176 lots.
Gold future prices on March 30, shed 0.56 per cent to Rs 26,420 per 10 grams as participants offloaded their positions after the metal rates dropped in global markets. Gold prices fell by Rs 149, or 0.56 per cent, to trade at Rs 26,420 per 10 gram for delivery in April contracts at the Multi Commodity Exchange. It clocked a turnover of 176 lots.
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Similarly, the metal for delivery in June fell by Rs 136, or 0.51 per cent, to Rs 26,695 per 10 gram in 95 lots. Market analysts said weakness in gold in the overseas markets after Federal Reserve signaled that interest rates to rise this year in the world's biggest economy, boosting the dollar, put pressure on the precious metal prices here.
Globally, gold lost 0.5 per cent to USD 1,192.50 an ounce in Singapore.
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