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  Business   Market  20 Mar 2018  Gold futures remain weak on negative global cues

Gold futures remain weak on negative global cues

PTI
Published : Mar 20, 2018, 11:10 am IST
Updated : Mar 20, 2018, 11:10 am IST

Gold is trading at Rs 30,335 per ten grams in futures trade as participants trimmed positions.

Globally, gold prices fell 0.11 per cent to USD 1,315.10 an ounce in Singapore. (Photo: PTI)
 Globally, gold prices fell 0.11 per cent to USD 1,315.10 an ounce in Singapore. (Photo: PTI)

New Delhi: Tracking a weak trend overseas, gold prices fell 0.27 per cent to Rs 30,335 per ten grams in futures trade on Tuesday as participants trimmed positions.

At the Multi Commodity Exchange, gold for delivery in April declined by Rs 83, or 0.27 per cent, to Rs 30,335 per ten grams in business turnover of 327 lots.

On similar lines, the yellow metal for delivery in June was trading lower Rs 82, or 0.27 per cent, to Rs 30,533 per ten grams in 20 lots.

Analysts said cutting down of positions by traders in line with a weak trend overseas as the dollar firmed, with focus shifting to the US Federal Reserve's policy meeting that kicks off later in the day, weighed on gold futures.

Globally, gold prices fell 0.11 per cent to USD 1,315.10 an ounce in Singapore on Tuesday. 

Tags: gold, gold price
Location: India, Delhi, New Delhi