Gold futures fall on weak global cues

Gold prices fell by 0.34 per cent to Rs 27,755 per ten grams in futures trade today as speculators trimmed their positions taking weak cues from the global markets.

Gold for delivery in far-month August contracts shed Rs 94, or 0.34 per cent, to Rs 27,755 per ten grams in business turnover of 20 lots in futures trading at the Multi Commodity Exchange.

In a similar fashion, the metal for delivery in June month contracts fell by Rs 85, or 0.31 per cent, to Rs 27,532 per ten grams in business turnover of 20 lots in futures trading at the Multi Commodity Exchange.

In a similar fashion, the metal for delivery in June month contracts fell by Rs 85, or 0.31 per cent, to Rs 27,532 per ten grams in 422 lots.

Globally, gold declined by 0.4 per cent to USD 1,220.50 an ounce in Singapore.

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Posted in: Indian Market Tips