Press Esc to close
Saturday 29 November 2014
News updated at 10:05 AM IST
Weather
Max: 0°C
Min : 0°C
In Bengaluru
Sunny day

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
Black Friday Shopping Begins On Thanksgiving Evening

Black Friday Shopping Begins On Thanksgiving Evening

Dancers perform during an inauguration ceremony of a Hello Kitty amusement park in Anji

Dancers perform during an inauguration ceremony of a Hello Kitty amusement park in Anji

Regina Vandysheva reacts after winning the 2014 Miss Kazakhstan national beauty

Regina Vandysheva reacts after winning the 2014 Miss Kazakhstan national beauty

Pakistani theatre artists in India  to participate in 'Saanjh: 11th Amritsar-Lahore Peace Festival

Pakistani theatre artists in India to participate in 'Saanjh: 11th Amritsar-Lahore Peace Festival

Nobel Peace Prize winner Kailash Satyarthi being felicitated by Chairman of Bajaj Auto Rahul Bajaj

Nobel Peace Prize winner Kailash Satyarthi being felicitated by Chairman of Bajaj Auto Rahul Bajaj

Rahul Gandhi meeting supporters at his election rally in Jamshedpur

Rahul Gandhi meeting supporters at his election rally in Jamshedpur

Prime Minister Narendra Modi on his departure after attending SAARC summit...

Prime Minister Narendra Modi on his departure after attending SAARC summit...

A boy salvages for belongings amid the debris of his house in Mumbai...

A boy salvages for belongings amid the debris of his house in Mumbai...

Shyam Benegal with Naseeruddin Shah during the launch of the latter's book...

Shyam Benegal with Naseeruddin Shah during the launch of the latter's book...

Actor turned politician Kushboo with Congress vice president Rahul Gandhi...

Actor turned politician Kushboo with Congress vice president Rahul Gandhi...

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