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PSU MARKET

Gold futures slide 0.22 pc on global cues

PTI/Agencies, New Delhi
12/07/2018   0 Comments

Gold prices drifted lower by 0.22 per cent to Rs 30,242 per 10 grams in futures trade today as participants trimmed positions tracking a weak trend overseas. At the Multi Commodity Exchange, gold for delivery in August fell by Rs 68, or 0.22 per cent, to Rs 30,242 per ten gram in a business turnover of 686 lots.

Likewise, the yellow metal for delivery in October was trading lower by a similar margin to Rs 30,540 per ten grams in 123 lots. Analysts said the fall in gold futures was mostly in tune with a weak trend overseas. Meanwhile, gold fell 1.12 per cent to USD 1,241 an ounce in New York in yesterday's trade.
 

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