Gold Futures Slump Rs 723 to Rs 85,151: MCX - News
Gold prices in India fell by Rs 723 to Rs 85,151 per 10 grams in futures trade on Thursday, driven by weak global cues. The yellow metal prices slipped below the USD 2,900-mark in New York.
Photograph: ANI Photo
New Delhi, Feb 27 (PTI) Gold prices on Thursday slumped by Rs 723 to Rs 85,151 per 10 grams in futures trade amid muted spot demand.
On the Multi Commodity Exchange, gold contracts for April delivery traded lower by Rs 723 or 0.84 per cent to Rs 85,151 per 10 grams in a business turnover of 15,248 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold futures slipped below the USD 2,900-mark as the yellow metal prices declined USD 36.50 or 1.25 per cent to USD 2,894.10 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for April delivery traded lower by Rs 723 or 0.84 per cent to Rs 85,151 per 10 grams in a business turnover of 15,248 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold futures slipped below the USD 2,900-mark as the yellow metal prices declined USD 36.50 or 1.25 per cent to USD 2,894.10 per ounce in New York.
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