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  Business   Market  14 Mar 2017  Gold price down at Rs 28,308 per 10 grams

Gold price down at Rs 28,308 per 10 grams

PTI
Published : Mar 14, 2017, 12:39 pm IST
Updated : Mar 14, 2017, 12:40 pm IST

Gold for delivery in far-month June shed Rs 19 or 0.07 per cent in a business turnover of six lot.

Representational Image
 Representational Image

New Delhi: Amid a weakening global trend,gold futures traded Rs 19 down at Rs 28,308 per 10 grams today as speculators cut down their bets. Gold for delivery in far-month June shed Rs 19 or 0.07 per cent to Rs 28,308 per 10 grams in a business turnover of six lots at the Multi Commodity Exchange.

In a similar fashion, the metal for delivery in April was trading lower by Rs 13 or 0.05 per cent to Rs 28,238 per 10 grams in 211 lots. Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas as investors weighed the outlook for US interest rate increase. Meanwhile, gold prices fell by 0.07 per cent to USD 1,202.80 an ounce in Singapore today.

Tags: gold market, multi commodity exchange