Gold futures lose the glitter on Wednesday
DSIJ Intelligence / 23 Aug 2017
With profit booking at prevailing levels amid a week trend overseas, gold prices declined by Rs 27 to Rs 29,078 per 10 gram in futures trade on Wednesday.
With profit booking at prevailing levels amid a week trend overseas, gold prices declined by Rs 27 to Rs 29,078 per 10 gram in futures trade on Wednesday. In the futures trade at the Multi-Commodity Exchange, gold for delivery in October shed Rs 27 or 0.09% to Rs 29,078 per 10 gram in a business turnover of 383 lots.
Similarly, metal for delivery in far-month December contracts eased by Rs 15 or 0.05% to Rs 29,212 per 10 gram in seven lots. This fall in gold futures has been attributed to profit- booking by traders at the existing levels and weakness in precious metals in the global market even as the US dollar firmed up against a basket of major currencies ahead of an annual meeting of central bankers this week.
Globally, gold was trading 0.53% lower at USD 1,284.40 an ounce in New York on Tuesday.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.