Gold slumps on lacklustre demand, global cues
30/11/2017
Gold slumps on lacklustre demand, global cues
30/11/2017 16:15
Gold futures were trading lower in the domestic market on Thursday mostly on account of slackened demand from jewellers and weak global cues.
Market analysts said tepid demand from jewellers and retailers at the domestic spot market and a weak trend in the global market pressured by upbeat US growth data for the third quarter, weighed on the precious metal prices.
At the MCX, gold futures for December 2017 contract is trading at Rs 29208 per 10 grams, down by 0.05 per cent, after opening at Rs 29205, against a previous close of Rs 29223. It touched the intra-day low of Rs 29184 (at 16:17 hours).
30/11/2017
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Gold slumps on lacklustre demand, global cues
30/11/2017 16:15
Gold futures were trading lower in the domestic market on Thursday mostly on account of slackened demand from jewellers and weak global cues.
Market analysts said tepid demand from jewellers and retailers at the domestic spot market and a weak trend in the global market pressured by upbeat US growth data for the third quarter, weighed on the precious metal prices.
At the MCX, gold futures for December 2017 contract is trading at Rs 29208 per 10 grams, down by 0.05 per cent, after opening at Rs 29205, against a previous close of Rs 29223. It touched the intra-day low of Rs 29184 (at 16:17 hours).
