Gold futures fall to Rs. 25,323 per 10 gm

New Delhi-India (Dec 11)  Amid a weak global trend, gold futures traded lower by Rs. 95 at Rs. 25,323 per 10 gm today as speculators reduced their exposure.

Gold for delivery in February next year dropped Rs. 95 or 0.37 per cent to Rs. 25,323 per 10 gm in a business turnover of 205 lots at the Multi Commodity Exchange.

In a similar fashion, the metal for delivery in far-month April was trading down by Rs. 76 or 0.3 per cent to Rs. 25,450 per 10 gm in three lots.

Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas as the Federal Reserve prepares to raise borrowing costs in the world’s largest economy as soon as next week.

Meanwhile, gold prices fell 0.5 per cent to $1,066.37 an ounce in Singapore today.

Source: TheHindu