Due to analytical selling on weak cues from the global market gold price took down turn by Rs 84 to Rs 29.325 per 10 grams. Gold delivery in far month June shed rs. 84 or 0.29% to rs 29.325 per ten gram at the Multi Commodity Exchange in a business turnover of 52 lots.
Similarly, the metal for delivery in April fell by rs. 82 or 0.28% to rs 29.049 per ten gram in 737 lots.
Analysts said, “the fall in the prices of gold in futures trade was mostly in tandem with the global trend as the dollar stabilised after a slump sparked by the Federal Reserve lowering its interest-rate outlook for this year”.
Disclaimer :
The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of NTIPL,
english.newstracklive.com or any employee thereof. NTIPL makes no representations as to accuracy, completeness, correctness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.
NTIPL reserves the right to delete, edit, or alter in any manner it sees fit comments that it, in its sole discretion, deems to be obscene, offensive, defamatory, threatening, in violation of trademark, copyright or other laws, or is otherwise unacceptable.
