Gold futures slide on weak global cues



Gold futures slide on weak world cues


outlookindia.com

1970-01-01T05:30:00+0530

New Delhi, Apr 16 Gold costs fell zero.27 per cent to Rs 31,950 per 10 gram in futures commerce Tuesday as speculators minimize down their bets amid a weak world pattern.

On the Multi Commodity Alternate, gold contract for August supply was buying and selling down by Rs 88, or zero.27 per cent, at Rs 31,950 per 10 gram in a enterprise turnover of two,730 tons.

The yellow metallic for supply in June was additionally quoting decrease by Rs 51, or zero.16 per cent, at Rs 31,805 per 10 gram in a enterprise turnover of 14,805 tons.

Analysts attributed the autumn in gold costs to trimming of positions by contributors, taking weak cues from the worldwide market.

In the meantime, gold fell zero.12 per cent to USD 1,285.30 an oz in Singapore. SHW RVK
RVK

Disclaimer :- This story has not been edited by Outlook employees and is auto-generated from information company feeds.

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