Gold futures fall 0.04% on weak global cues

Gold futures fall zero.04% on weak international cues


New Delhi, Might 7 Gold costs fell zero.04 per cent in futures commerce Tuesday as speculators tightened positions in home market put up weak abroad cues.

In futures buying and selling on the Multi Commodity Change, gold for supply in June contracts was buying and selling decrease by Rs 14, or zero.04 per cent, to Rs 31,549 per 10 gram in a enterprise turnover of 9,962 tons.

Regardless of remaining a secure haven for the previous day, the gold costs took a beating within the abroad market. The yellow metallic costs dipped over hypothesis of US-China commerce struggle escalation leading to international financial slowdown, say reviews.

On related notes, the August contract for gold fell by Rs 36, or zero.11 per cent, to Rs 31,695 per 10 gram in a enterprise quantity of 5,275 tons.

Gold costs fell zero.05 per cent to USD 1,283.20 an oz. in New York. ADI SHW

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