Live
- Govt plans to establish offshore Johns Hopkins University Campus in India
- Goa Aces clinch Indian Racing League title
- Study finds how hormone therapy can reshape the skeleton
- High-street fashion players looking at India for manufacturing: Report
- Shreyas Iyer to lead Mumbai as Prithvi Shaw returns for Syed Mushtaq Ali Trophy
- 'Failed to resolve crisis': NPP withdraws support from BJP govt in Manipur
- Chennai: Actress Kasturi Remanded in Custody Until 29th of This Month
- Aaqib Javed likely to become Pakistan's new white-ball head coach
- BJP panel to draft poll charge sheet against AAP govt in Delhi
- Allu Arjun Thanks Fans in Patna, Teases 'Pushpa 2' Release
Gold falls Rs 173 as weak global cues hurt
Besides, profit-booking at the prevailing levels too caused the fall, they said.Globally, gold fell 0.19 per cent to USD 1,248.90 an ounce in Singapore today.
Gold prices were down by Rs 173 to Rs 28,675 per 10 grams in futures trade today as participants cut down their holdings amid a weak trend overseas.
At Multi Commodity Exchange, gold for delivery in April contract was trading lower by Rs 173, or 0.60 per cent, at Rs 28,675 per 10 grams, in a business turnover of 712 lots.
Also, the metal for delivery in far-month June shed Rs 140, or 0.48 per cent, to Rs 28,832 per 10 grams in 116 lots.
Analysts said there is a weakening trend in the overseas markets as gains in US equities and the dollar dimmed some of the metal's safe haven investment appeal, which weighed on gold prices in futures trade here.
Besides, profit-booking at the prevailing levels too caused the fall, they said.Globally, gold fell 0.19 per cent to USD 1,248.90 an ounce in Singapore today.
