Press Esc to close
Thursday 03 September 2015
News updated at 4:14 PM IST
Weather
Max: 33°C
Min : 22°C
In Bengaluru
Rain lightly

Gold futures fall 0.57 pc on global cues

New Delhi, Aug 30, 2013 (PTI):

Tracking a weak global trend, gold prices fell by 0.57 per cent, to Rs 33,438 per 10 grams in futures market today as speculators indulged in trimming positions.

At the Multi Commodity Exchange, gold for delivery in far-month December fell by Rs 193, or 0.57 per cent, to Rs 33,438 per 10 grams in business turnover of 12 lots.

Similarly, the yellow metal for delivery in October lost Rs 174, or 0.52 per cent, to Rs 33,476 per 10 grams in 305 lots.

Market analysts said the fall in gold futures was mostly attributed to a weakening trend in the global market after better-than-expected US economic data backed the case for the Federal Reserve to slow stimulus.

Besides, a weak trend at the domestic spot market due to subdued demand at prevailing levels also weighed on prices, they said.

Meanwhile, gold in Singapore dropped 0.40 per cent to 1,402.65 dollar an ounce.


Go to Top

Photo Gallery
Bandh supporters blocked railway track at Sodepur Station in North 24 Pargana...

Bandh supporters blocked railway track at Sodepur Station in North 24 Pargana...

Kashmiri women carry grass as they walk through the fields on the outskirts of Srinagar...

Kashmiri women carry grass as they walk through the fields on the outskirts of Srinagar...

Social activist Nafisa Ali showing her support to Ex-servicemen...

Social activist Nafisa Ali showing her support to Ex-servicemen...

Students from Manipur shout slogans during protest against recent violence in Manipur...

Students from Manipur shout slogans during protest against recent violence in Manipur...

School children dress up as lord Krishna during a fancy dress competition...

School children dress up as lord Krishna during a fancy dress competition...

Launch of Land Rover Discovery Sport in Mumbai...

Launch of Land Rover Discovery Sport in Mumbai...

Launch of the World's slimmest tablet 'Galaxy Tab S2' ...

Launch of the World's slimmest tablet 'Galaxy Tab S2' ...

People ride a boat across flood waters in Kaziranga National Park on Wednesday...

People ride a boat across flood waters in Kaziranga National Park on Wednesday...

All India Bandh for various demands  in Bengaluru on Wednesday...

All India Bandh for various demands in Bengaluru on Wednesday...

Kannada Chaluvali Vatal Party President Vatal Nagaraj staging protest...

Kannada Chaluvali Vatal Party President Vatal Nagaraj staging protest...

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