Gold futures fall on global cues
03/08/2017
Gold futures were trading in the red in the domestic market on Thursday as participants cut down their bets, tracking a weak trend overseas.Analysts said offloading of positions by traders in line with a weakening trend overseas, mainly weighed on gold prices at futures trade.At the MCX, gold futures for August 2017 contract is trading at Rs 28379 per 10 grams, down by 0.20 per cent, after opening at Rs 28383, against a previous close of Rs 28437. It touched the intra-day low of Rs 28302 (at 12:22 hours).
03/08/2017
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Gold futures were trading in the red in the domestic market on Thursday as participants cut down their bets, tracking a weak trend overseas.Analysts said offloading of positions by traders in line with a weakening trend overseas, mainly weighed on gold prices at futures trade.At the MCX, gold futures for August 2017 contract is trading at Rs 28379 per 10 grams, down by 0.20 per cent, after opening at Rs 28383, against a previous close of Rs 28437. It touched the intra-day low of Rs 28302 (at 12:22 hours).
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