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  Business   Market  08 Jun 2017  Gold price drifts further lower by Rs 29,335 per 10 grams

Gold price drifts further lower by Rs 29,335 per 10 grams

PTI
Published : Jun 8, 2017, 11:34 am IST
Updated : Jun 8, 2017, 11:34 am IST

At the Multi Commodity Exchange, gold for delivery in August fell by Rs 105, or 0.36 per cent.

Representational Image
 Representational Image

New Delhi: Tracking a weak global trend, gold prices drifted further lower by 0.36 per cent to Rs 29,335 per 10 grams in futures trading today as speculators trimmed their positions.

At the Multi Commodity Exchange, gold for delivery in August fell by Rs 105, or 0.36 per cent to Rs 29,335 per ten grams in business turnover of 792 lots. On similar lines, the metal for delivery in October month contracts was trading lower by Rs 103, or 0.35 per cent to Rs 29,463 per ten grams in 5 lots.

Market analysts said offloading of positions by participants in line with a weak trend overseas, mainly kept gold prices down at futures trade. Globally, gold fell 0.13 per cent to USD 1,285.10 an ounce in Singapore.

Tags: gold price, gold market., multi commodity market