Wednesday 19 October 2016

Gold price barely down in Futures trade on worldwide signs

Gold costs mellowed by 0.12 percent to Rs 29,870 for every 10 gram in prospects exchanging as merchants trimmed their wagers in the midst of powerless worldwide signs.

At Multi Commodity Exchange, gold for conveyance in February one year from now declined by Rs 35 or 0.12 for each penny to Rs 29,870 for every ten gram in business turnover of 7 parts.

In like manner, the metal for conveyance in December contracts was exchanging lower by Rs 19 or 0.06 for every penny to Rs 29,767 for every ten gram in 322 parts.

Read also:  Gold holds picks up on weak dollar

Examiners said chopping down of positions by members, following a frail pattern in worldwide markets weighed on gold costs in prospects exchange here.

In the mean time, gold fell 0.07 for e
ach penny to USD 1,261.30 an ounce in Singapore.

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Author : Ways2Capital

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