Gold Futures Drop on Low Demand - PTI
By Rediff Money Desk, NEWDELHI Dec 28, 2023 14:37
Gold prices fell on Thursday due to reduced speculator positions and weak global cues. Gold futures traded lower on the Multi Commodity Exchange.
![Gold Futures Drop on Low Demand - PTI](https://im.rediff.com/money/2017/aug/11gold.jpg)
New Delhi, Dec 28 (PTI) Gold prices on Thursday fell Rs 156 to Rs 63,522 per 10 grams in futures trade as speculators reduced their positions.
On the Multi Commodity Exchange, gold contracts for February delivery traded lower by Rs 156 or 0.24 per cent at Rs 63,522 per 10 grams in a business turnover of 16,286 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold was trading 0.27 per cent lower at USD 2,087.50 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for February delivery traded lower by Rs 156 or 0.24 per cent at Rs 63,522 per 10 grams in a business turnover of 16,286 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold was trading 0.27 per cent lower at USD 2,087.50 per ounce in New York.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- IFL Enterprises
- 1.36 (+ 4.62)
- 139837616
- Franklin Industries
- 3.90 (+ 4.56)
- 41704768
- Vodafone Idea L
- 16.28 ( -3.04)
- 37101580
- Sawaca Business Mach
- 0.67 ( -4.29)
- 36642255
- Tata Teleservices (M
- 97.43 (+ 19.80)
- 21113173
MORE NEWS
![USFDA Classifies...](https://im.rediff.com/80-80/money/2023/mar/31zydus.jpg)
USFDA Classifies Zydus Plant as 'Official...
USFDA has issued an 'Official Action Indicated' classification for Zydus Lifesciences's...
ki Mobility to Open 5,000 myTVS Service...
ki Mobility Solutions plans to expand its myTVS multi-brand service network to 5,000 by...
![Tech Transforms...](https://im.rediff.com/80-80/money/2017/jun/13hiring.jpg)
Tech Transforms CIOs to CDIOs: Hiring Surge -...
Study reveals a 33% rise in CDIO hiring driven by tech advancements, as CIO roles...