Press Esc to close
Saturday 01 November 2014
News updated at 3:12 PM IST
Weather
Max: 25°C
Min : 19°C
In Bangalore
Partially cloudy

Gold prices fall by 1.54 pc in futures trade

New Delhi, May 20, 2013, (PTI) :

Gold prices today fell by Rs 399, or 1.54 per cent, to Rs 25,556 per ten grams in futures trade in line with weak overseas trends.

Gold prices, which had been plummeting since last week, fell by another Rs 399, or 1.54 per cent, to trade at a Rs 25,556 per 10 grams for delivery in August at the Multi Commodity Exchange.

The June contract of gold dropped by Rs 380, or 1.47 per cent, to Rs 25,455 per 10 gm in 2,432 lots.

Gold was traded at Rs 26,700 per 10 grams at spot markets of Delhi on Saturday last week.


Analysts said sustained weakness in the overseas markets, where gold dipped to one-month low put pressure on the precious metal prices at futures trade.
Decline in ETF holdings and improvement in the US economy hit the metal's appeal, they said.

Globally, gold plunged 1.5 per cent to USD 1,338.85 an ounce, its lowest price since April 18.

Go to Top

Photo Gallery
A view of the statue of Sardar Vallabhbhai Patel on the occasion of his birth anniversary...

A view of the statue of Sardar Vallabhbhai Patel on the occasion of his birth anniversary...

Congress President Sonia Gandhi and Rahul Gandhi paying tribute to former Prime Minister...

Congress President Sonia Gandhi and Rahul Gandhi paying tribute to former Prime Minister...

Artists perform during a function on the occasion of birth anniversary of Sardar...

Artists perform during a function on the occasion of birth anniversary of Sardar...

Members of Thamizhar Vazhvurimai Koottamaippu during a protest against Sri Lankan court's...

Members of Thamizhar Vazhvurimai Koottamaippu during a protest against Sri Lankan court's...

Indian cricket players during their practice session at barabati stadium in Cuttack...

Indian cricket players during their practice session at barabati stadium in Cuttack...

Delhi Police band performs at India Gate near Amar Jawan Jyoti to salute Sardar...

Delhi Police band performs at India Gate near Amar Jawan Jyoti to salute Sardar...

Army soldiers patrolling after an IED was recovered in a gas cylinder near the Circuit House...

Army soldiers patrolling after an IED was recovered in a gas cylinder near the Circuit House...

Tourist take pictures from a boat as people bath in the Ganges river in Varanasi...

Tourist take pictures from a boat as people bath in the Ganges river in Varanasi...

Devendra Fadnavis being sworn-in as the new Maharashtra Chief Minister by Governor...

Devendra Fadnavis being sworn-in as the new Maharashtra Chief Minister by Governor...

A camel herder sits as he feeds his camels at the annual cattle fair in Pushkar, in the Rajasthan...

A camel herder sits as he feeds his camels at the annual cattle fair in Pushkar, in the Rajasthan...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523