Gold Futures Decline on Weak Global Cues
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Gold prices fell in futures trading today due to weak global cues. Analysts attributed the decline to international market trends, where gold futures also experienced a drop.
Photograph: ANI Photo
New Delhi, May 20 (PTI) Gold prices on Tuesday fell by Rs 338 to Rs 92,959 per 10 grams in futures trade on weak global cues.
On the Multi Commodity Exchange, gold contracts for June delivery traded lower by Rs 338 or 0.36 per cent to Rs 92,959 per 10 grams in a business turnover of 10,053 lots.
Analysts attributed the fall in gold prices to weak global cues.
In the international markets, gold futures fell 0.38 per cent to USD 3,217.26 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for June delivery traded lower by Rs 338 or 0.36 per cent to Rs 92,959 per 10 grams in a business turnover of 10,053 lots.
Analysts attributed the fall in gold prices to weak global cues.
In the international markets, gold futures fell 0.38 per cent to USD 3,217.26 per ounce in New York.
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