GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Gold Futures Drop Rs 88 on Weak Global Cues

Amid a weakening global trend gold futures traded Rs 88 down at Rs 29,295 per 10 grams on Thursday as speculators reduced their positions.

Press Trust Of India

Updated:November 17, 2016, 11:56 AM IST
facebookTwittergoogleskypewhatsapp
Gold Futures Drop Rs 88 on Weak Global Cues
A sales person shows a gold ring to customers at a jewellery showroom. (Image: Reuters)

New Delhi: Amid a weakening global trend gold futures traded Rs 88 down at Rs 29,295 per 10 grams on Thursday as speculators reduced their positions.

Gold for delivery in December dropped by Rs 88 or 0.30 per cent to Rs 29,295 per 10 gram in a business turnover of 105 lots at the Multi Commodity Exchange.

In a similar fashion, the metal for delivery in far-month February next year shed Rs 42 or 0.14 per cent to Rs 29,159 per 10 gram in 5 lots.

Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas as the dollar climbed to a 14-month high against basket of currencies, eroding demand for haven assets.

Meanwhile, gold prices dropped by 0.28 per cent to USD 1,225 an ounce in New York on Wednesday.

Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
HDFC Life 344.40 +54.40 +18.76
SBI 337.50 +4.10 +1.23
HDFC 1,705.50 +41.10 +2.47
ICICI Bank 325.10 +6.15 +1.93
Bank of Baroda 183.55 +0.75 +0.41
Company Price Change %Gain
HDFC Life 343.70 +53.70 +18.52
ICICI Bank 325.10 +5.95 +1.86
SBI 337.40 +3.95 +1.18
Rain Industries 329.75 -17.35 -5.00
PNB 190.70 +1.25 +0.66
Top Gainers
Company Price Change %Gain
Tata Power 88.95 +4.15 +4.89
Cipla 608.55 +15.70 +2.65
HDFC 1,705.50 +41.10 +2.47
Maruti Suzuki 8,348.35 +184.65 +2.26
Tata Steel 701.20 +14.85 +2.16
Company Price Change %Gain
Cipla 608.65 +15.65 +2.64
HDFC 1,701.00 +37.05 +2.23
Maruti Suzuki 8,340.70 +175.20 +2.15
Tata Steel 701.35 +14.70 +2.14
Tata Motors 421.45 +7.95 +1.92
Top Losers
Company Price Change %Gain
Tech Mahindra 484.55 -15.35 -3.07
Infosys 970.95 -17.45 -1.77
Bosch 18,965.90 -292.55 -1.52
TCS 2,707.30 -39.35 -1.43
HCL Tech 840.00 -11.90 -1.40
Company Price Change %Gain
Infosys 970.95 -17.65 -1.79
TCS 2,710.10 -36.50 -1.33
ONGC 177.50 -1.85 -1.03
Wipro 294.75 -2.90 -0.97
Asian Paints 1,171.10 -8.95 -0.76

Live TV