Gold futures slide as Fed hints at rate hike in December

New Delhi-India (Oct 29)  Gold futures on Thursday fell 0.98 per cent to Rs 26,808 per 10 grams as speculators reduced their bets amid a weak global trend.

 In futures trading at Multi Commodity Exchange, gold for delivery in December fell Rs 271, or 0.98 per cent, to Rs 26,808 per 10 gram, in a business turnover of 1,909 lots.

 Similarly, metal prices for delivery in far-month February 2016 declined Rs 156, or 0.94 per cent, to Rs 27,039 per 10 gram in 33 lots.

Source: TheTimesOfIndia