Press Esc to close
Thursday 27 April 2017
News updated at 2:14 AM IST

Gold prices fall by 1.54 pc in futures trade

New Delhi, May 20, 2013, (PTI) : 11:30 IST
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
Priyanka Chopra at a promotional event for her upcoming film ‘Baywatch’ in Mumbai on Wednesday...

Priyanka Chopra at a promotional event for her upcoming film ‘Baywatch’ in Mumbai on Wednesday...

Maria Sharapova at a training session at the WTA Porsche Tennis Grand Prix in Stuttgart, Germany...

Maria Sharapova at a training session at the WTA Porsche Tennis Grand Prix in Stuttgart, Germany...

A cake weighing 30 kg is cut as part of celebrations outside BSE as Sensex ended above the...

A cake weighing 30 kg is cut as part of celebrations outside BSE as Sensex ended above the...

Family members of CRPF jawan Naresh Yadav, mourn in Darbhanga on Wednesday. He was martyred in...

Family members of CRPF jawan Naresh Yadav, mourn in Darbhanga on Wednesday. He was martyred in...

Soldiers of the Arctic motorised rifle brigade of Russia's Northern Fleet stand near APCs...

Soldiers of the Arctic motorised rifle brigade of Russia's Northern Fleet stand near APCs...

Blossoming apple trees are covered in snow near Altenstadt, Germany...

Blossoming apple trees are covered in snow near Altenstadt, Germany...

A watermelon vendor takes a nap on a hot day in Chennai on Wednesday...

A watermelon vendor takes a nap on a hot day in Chennai on Wednesday...

A boy jumps into the river Ganga to beat the heat in Kolkata on Wednesday...

A boy jumps into the river Ganga to beat the heat in Kolkata on Wednesday...

A newly-built aircraft carrier is transferred from dry dock into the water at a launch ceremony...

A newly-built aircraft carrier is transferred from dry dock into the water at a launch ceremony...

U.S. Army's M1 A2 tanks fire during the South Korea-U.S. joint military live-fire drills...

U.S. Army's M1 A2 tanks fire during the South Korea-U.S. joint military live-fire drills...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.