Business Daily from THE HINDU group of publications
Friday, January 28, 2011
ePaper | Mobile/PDA Version | Audio | Blogs

News
Features
Stocks
Foreign Exchange
Shipping
Archives
Google

Subscription

Group Sites

Update at 1425 hrs (IST)


Commodities
Gold futures tumble on global cues

NEW DELHI: Gold futures prices tumbled by Rs 137 to Rs 19,541 per 10 grams on Friday, as speculators reduced their positions on the back of weakening global trend.

At the Multi Commodity Exchange, gold for delivery in February tumbled by Rs 137, or 0.70 per cent, to Rs 19,541 per 10 grams, with a business turnover of six lots.

Similarly, the metal for delivery in April dropped by Rs 124, or 0.62 per cent, to Rs 19,791 per 10 grams, with a business turnover of 11 lots.

Market analysts said speculators reducing their positions in tandem with weakening global trend mainly pulled down gold futures prices.

Meanwhile, gold fell 0.4 per cent to $1,308.25 an ounce, the lowest level since October 1 in Asia. - PTI

Prev: WTO meet may give push to stalled Doha talks
Next: Tur dal, urad dal prices down


Business Line | NUS Index |




The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2011, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line