Gold futures declined 0.44 per cent to Rs 28,919 per 10 grams

Tracking a weakening global trend, gold prices declined by Rs 128 to Rs 28,919 per 10 grams in futures trade today, as speculators offloaded their positions.
At the Multi Commodity Exchange, gold for delivery in February declined by Rs 128, or 0.44 per cent, to Rs 28,919 per 10 grams. Similarly, the metal for delivery in April lost Rs 121, or 0.41 per cent, to Rs 29,227 per 10 grams.
Traders said speculators offloaded their positions in tandem with a weakening global trend, mainly led to fall in gold prices at futures trade.
Meanwhile, gold fell by 0.8 per cent to $1,709.07 an ounce in Singapore.

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Posted by VBN on Dec 12 2011. Filed under Gold. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry