Gold futures drop on weak global cues
05/02/2018
Gold futures drop on weak global cues
05/02/2018 13:19
Gold prices were down at futures trade on Monday after participants trimmed holdings amid a weak global trend.
Analysts said the fall in gold futures was in tune with a weak trend in precious metals overseas as anticipation that the US Federal Reserve might lift interest rate to fight inflation made investors cautious on bullion investment.
At the MCX, gold futures for February 2018 contract is trading at Rs 30265 per 10 grams, down by 0.34 per cent, after opening at Rs 30420, against a previous close of Rs 30367. It touched the intra-day low of Rs 30233 (at 13:21 hours).
05/02/2018
Commodity Segment
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Gold futures drop on weak global cues
05/02/2018 13:19
Gold prices were down at futures trade on Monday after participants trimmed holdings amid a weak global trend.
Analysts said the fall in gold futures was in tune with a weak trend in precious metals overseas as anticipation that the US Federal Reserve might lift interest rate to fight inflation made investors cautious on bullion investment.
At the MCX, gold futures for February 2018 contract is trading at Rs 30265 per 10 grams, down by 0.34 per cent, after opening at Rs 30420, against a previous close of Rs 30367. It touched the intra-day low of Rs 30233 (at 13:21 hours).
