Gold futures go down after sluggish global leads
Gold is trading at Rs 29,275 per 10 grams as participants cut down their bets amid a weak global trend.
By : DC Correspondent
Update: 2017-10-30 06:37 GMT
New Delhi: Gold prices fell 0.15 per cent to Rs 29,275 per 10 grams in futures trade on Monday as participants cut down their bets amid a weak global trend.
At Multi Commodity Exchange, gold prices for delivery in December fell by Rs 43, or 0.15 per cent, to Rs 29,275 per 10 grams in a business turnover of 77 lots.
Analysts attributed the fall in prices to lower positions from participants, tracking a weak trend in the global market, as investors remained cautious ahead of the naming of the next US Federal Reserve chair and a two-day Federal Open Market Committee (FOMC) meeting this week.
Meanwhile, gold fell 0.16 per cent at USD 1,271.20 an ounce in Singapore on Monday.