Gold futures decline to Rs 25,498 on weak global cues…


Gold prices fell 0.91 per cent to Rs. 25,498 per ten grams at the futures trade today in line with weak overseas trend.

Gold prices fell Rs. 235 or 0.91 per cent to trade at Rs. 25,498 per 10 grams for delivery in December at the Multi Commodity Exchange in 851 lots.
Similarly, the far-month February contract dropped Rs. 219 or 0.84 per cent to Rs. 25,717 per 10 gram in 29 lots.

Analysts said weakness in the overseas market, where gold dipped to over four-year low as investment demand waned amid surging dollar, put pressure on the precious metal prices at the futures trade.

Globally, the yellow metal traded at $1,149.30 an ounce in Singapore from $1,151.47 in yesterday’s trade.

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