Commodity Market Update: Gold futures fall on low demand
On the Multi Commodity Exchange, gold contracts for April delivery traded lower Rs 144 or 0.23 per cent at Rs 62,157 per 10 grams in a business turnover of 12,941 lots.
Globally, gold was trading 0.36 per cent lower at USD 2,036.80 per ounce in New York. Pic: Reuters
Gold prices on Wednesday declined Rs 144 to Rs 62,157 per 10 grams in futures trade as speculators reduced their positions. On the Multi Commodity Exchange, gold contracts for April delivery traded lower Rs 144 or 0.23 per cent at Rs 62,157 per 10 grams in a business turnover of 12,941 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold was trading 0.36 per cent lower at USD 2,036.80 per ounce in New York.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
lok-sabha-elections-2024-final phase-7 voting-date-last day to vote general election timings-states-seats-key-candidates-constituencies-ls-polls-general-election-schedule-time-table-results-date
From Axis to IDFC First - These bank stocks can give bumper returns in 3-4 weeks – Check target price and stop loss
Rules Changing from June 1: Aadhaar card update, driving license, LPG price and others - Check Full List
Central Railways' 63-hour mega block to hit Mumbai local train services, check dates and other details
SBI Senior Citizen FD Interest Rates 2024: What Rs 2 lakh, Rs 4 lakh, and 6 lakh, and Rs 8 lakh investments will give you in 1-, 3-, and 5-year FDs
Gold and Silver rate today (May 30, 2024): Precious metal futures trade in red; yellow metal near Rs 72,000, white metal falls by nearly Rs 1,500
TAGS:
Written By: PTI
Updated: Wed, Feb 28, 2024
02:39 PM IST
02:39 PM IST
PTI