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  Business   Market  24 Aug 2017  Gold futures drop Rs 34, hurt by weak global trend

Gold futures drop Rs 34, hurt by weak global trend

PTI
Published : Aug 24, 2017, 10:59 am IST
Updated : Aug 24, 2017, 10:59 am IST

Gold is trading at Rs 29,130 per 10 grams as speculators trimmed their positions amid a weakening global trend.

 Meanwhile gold prices fell 0.19 per cent to USD 1,287.80 an ounce in Singapore. (Photo: ANI)
  Meanwhile gold prices fell 0.19 per cent to USD 1,287.80 an ounce in Singapore. (Photo: ANI)

New Delhi: Gold futures traded lower by Rs 34 at Rs 29,130 per 10 grams on Thursday as speculators trimmed their positions amid a weakening global trend.

Gold for delivery in October dropped Rs 34 or 0.12 per cent to Rs 29,130 per 10 grams in a business turnover of 182 lots at the Multi Commodity Exchange.

 

The precious metal for delivery in far-month December too shed Re one at Rs 29,245 per 10 grams in 2 lots.

Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas.

Meanwhile, gold prices fell 0.19 per cent to USD 1,287.80 an ounce in Singapore.

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