Gold futures dip on weak global cues
22/08/2017
Gold futures was trading lower in the domestic market on Tuesday as participants lightened their positions at prevailing levels amid a weak trend overseas.Analysts said apart from profit-booking by speculators at existing levels, metal’s fresh weakness in the overseas markets weighed on gold futures.At the MCX, gold futures for October 2017 contract was at Rs 29106 per 10 grams, down by 0.60 per cent, after opening at Rs 29238 against a previous close of Rs 29283. It touched the intra-day low of Rs 29056
22/08/2017
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Gold futures was trading lower in the domestic market on Tuesday as participants lightened their positions at prevailing levels amid a weak trend overseas.Analysts said apart from profit-booking by speculators at existing levels, metal’s fresh weakness in the overseas markets weighed on gold futures.At the MCX, gold futures for October 2017 contract was at Rs 29106 per 10 grams, down by 0.60 per cent, after opening at Rs 29238 against a previous close of Rs 29283. It touched the intra-day low of Rs 29056
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