Gold futures slip zero.50% on global cues

Gold fees slipped by 0.50 percent to Rs 31,900 according to 10 grams in futures exchange Monday after contributors trimmed positions, taking weak cues from worldwide markets.Gold futures slip zero.50% on global cues 1

At the Multi Commodity Exchange, gold for shipping in June fell by Rs one hundred sixty, or 0.50 percent, to Rs 31,900 per ten grams in enterprise turnover of one zero five plenty.Gold futures slip zero.50% on global cues 2

Gold introduced in April also fell by Rs 159, or zero. Fifty percent to cite at Rs 31,667 in line with ten grams in 965 plenty. Market Analysts said off-loading of positions with the aid of investors, monitoring a weak fashion in foreign places as equity markets received and the dollar steadied in advance of a US Federal Reserve policy meeting later this week, weighed on gold prices in futures change.

Meanwhile, gold charges fell 0.31 percent to USD 1,299.30 an oz in New York on Monday.

Duane Simpson

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