Gold futures drop on weak global cues
09/02/2018
Gold futures drop on weak global cues
09/02/2018 11:24
Amid a weakening global trend, gold futures traded lower today as speculators trimmed positions.
Analysts said the fall in gold futures was mostly attributed to cutting down of positions by participants in tune with a weak trend overseas.
At the MCX, gold futures for April 2018 contract is trading at Rs 30044 per 10 grams, down by 0.21 per cent, after opening at Rs 30055, against a previous close of Rs 30107. It touched the intra-day low of Rs 30011 (at 11:28 hours).
09/02/2018
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Gold futures drop on weak global cues
09/02/2018 11:24
Amid a weakening global trend, gold futures traded lower today as speculators trimmed positions.
Analysts said the fall in gold futures was mostly attributed to cutting down of positions by participants in tune with a weak trend overseas.
At the MCX, gold futures for April 2018 contract is trading at Rs 30044 per 10 grams, down by 0.21 per cent, after opening at Rs 30055, against a previous close of Rs 30107. It touched the intra-day low of Rs 30011 (at 11:28 hours).
