Gold futures decline 0.21% on weak global cues
22/02/2018
Gold futures decline 0.21% on weak global cues
22/02/2018 13:22
Gold futures were down today as participants cut bets, taking weak cues from overseas markets.
Analysts said the weakness in gold futures was mostly in tune with a subdued trend overseas as minutes from the last US Federal Reserve indicated a hike in interest rates, strengthening the dollar and diminishing the appeal of the precious metal as a safe haven.
At the MCX, gold futures for April 2018 contract is trading at Rs 30412 per 10 grams, down by 0.21 per cent, after opening at Rs 30459, against a previous close of Rs 30476. It touched the intra-day low of Rs 30400 (at 13:27 hours).
22/02/2018
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Gold futures decline 0.21% on weak global cues
22/02/2018 13:22
Gold futures were down today as participants cut bets, taking weak cues from overseas markets.
Analysts said the weakness in gold futures was mostly in tune with a subdued trend overseas as minutes from the last US Federal Reserve indicated a hike in interest rates, strengthening the dollar and diminishing the appeal of the precious metal as a safe haven.
At the MCX, gold futures for April 2018 contract is trading at Rs 30412 per 10 grams, down by 0.21 per cent, after opening at Rs 30459, against a previous close of Rs 30476. It touched the intra-day low of Rs 30400 (at 13:27 hours).
