Gold futures dip on subdued demand
23/11/2017
Gold futures dip on subdued demand
23/11/2017 15:03
Gold futures were trading lower in the domestic market on Thursday on weaker US economic data and concerns by some Federal Reserve policymakers about lower inflation.
Analysts said offloading of positions by participants on the back of tepid demand in the spot markets, mainly led to decline in gold prices at futures trade.
At the MCX, gold futures for December 2017 contract is trading at Rs 29472 per 10 grams, down by 0.20 per cent, after opening at Rs 29515, against a previous close of Rs 29530. It touched the intra-day low of Rs 29460 (at 15:00 hours).
23/11/2017
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Gold futures dip on subdued demand
23/11/2017 15:03
Gold futures were trading lower in the domestic market on Thursday on weaker US economic data and concerns by some Federal Reserve policymakers about lower inflation.
Analysts said offloading of positions by participants on the back of tepid demand in the spot markets, mainly led to decline in gold prices at futures trade.
At the MCX, gold futures for December 2017 contract is trading at Rs 29472 per 10 grams, down by 0.20 per cent, after opening at Rs 29515, against a previous close of Rs 29530. It touched the intra-day low of Rs 29460 (at 15:00 hours).
