Gold futures prices down on weak global cues - Indian Express

PTI : New Delhi, Fri Jun 28 2013, 12:54 hrs Amid a weak trend overseas, gold prices fell 0.92 per cent to Rs 25,267 per 10 gm in futures trade today as speculators indulged in trimming positions. At the Multi Commodity Exchange, gold for delivery in far-month October contracts eased by Rs 235, or 0.92 per cent, to Rs 25,267 per 10 gm in business turnover of 134 lots. Likewise, the metal for delivery in August month contracts shed Rs 217, or 0.86 per cent, to Rs 25,158 per 10 gm in 2,967 lots. Analysts said a weak trend in the overseas markets, where gold dipped below USD 1,200 an ounce to trade at nearly three-year low on persistent worries over the US Federal Reserve's plan to wind down its monetary stimulus, put pressure on the gold prices at futures trade here. Globally, gold fell 0.60 per cent, to USD 1,191.79 an ounce after touching a year low of USD 1,180.71 in Singapore today. ALSO READ Gold prices hit 3-year low, head for worst quarter since 1968 Gold prices up Rs 120 on low level buying, firm global cues Gold futures prices rebound on global cues, up 0.15% Gold price heads for biggest quarterly fall on record, hits 3-yr low Please read our terms of use before posting comments TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s). via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH-bW5eqjTO98O_A2iSfmq6ynpk7w&url=http://www.indianexpress.com/news/gold-futures-prices-down-on-weak-global-cues/1135099/

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