Tuesday, 22 August 2017

Gold futures down Rs 111, silver futures down Rs 138 on weak global cues


Gold prices drifted lower with the aid of Rs 111 to Rs 29,280 per 10 gram in futures exchange as of late as individuals lightened their positions at prevailing levels amid a susceptible trend in another country.

Gold costs drifted lower via Rs 111 to Rs 29,280 per 10 gram in futures exchange today as individuals lightened their positions at prevailing ranges amid a weak pattern in another country. In futures alternate, gold for supply in December was trading Rs 111 or 0.38 per cent down at Rs 29,280 per 10 gram on the Multi Commodity alternate with a industry turnover of one lot.

The steel for supply in October too fell with the aid of Rs 104 or 0.36 per cent to Rs 29,179 per 10 gram in 459 quite a bit. Analysts mentioned apart from revenue-booking with the aid of speculators at present levels, metal’s fresh weakness in the in another country markets weighed on gold futures. In world market, gold misplaced 0.23 per cent to USD 1,288.30 an ounce in Singapore.

Silver fell Rs 138 to Rs 38,950 per kg in futures trade today amid a weakening trend out of the country amid profit-booking through speculators. Silver for supply in September used to be trading decrease with the aid of Rs 138 or 0.35 per cent to Rs 38,950 per kg in a industry turnover of 670 so much in futures buying and selling at Multi Commodity change (MCX).

On identical traces, the white metallic for supply in December fell via Rs 128 or 0.32 per cent at Rs 39,585 per kg in a trade turnover of 292 quite a bit. In global market, silver traded 0.15 per cent lower at USD 16.97 an oz in Singapore. Market analysts stated a vulnerable development in valuable metals in global markets and trimming of positions by speculators at prevailing ranges, put force on silver futures.

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