Gold Silver Reports (GSR) – At the Multi Commodity Exchange, gold prices for delivery in December was down by Rs 77, or 0.25 percent, to Rs 30,802 per 10 gram in a business turnover of 109 lots.
- Rupee Falls Below 90/USD: What This Big Slide Means for India Now
- Copper Prices Jump to Four-Month High as Supply Gets Tight — Prices Set for More Upside
- Wockhardt Share Jumps 19% on Heavy Buying — Why the Pharma Stock is Rising Today
- Spot Silver Above $56.10: Big Target $60–$62; MCX Silver Hits Fresh 52-Week High
- MCX Copper Price Forecast: Buy or Sell? Neal Bhai Explains the Next Big Move
Gold prices fell 0.25 percent to Rs 30,802 per 10 gram in futures trade Tuesday as speculators cut down their bets amid a weak global trend.
The gold for delivery in February next year, too, was quoting lower by Rs 76, or 0.24 percent, at Rs 31,060 per 10 gram in 20 lots.
Meanwhile, gold fell 0.20 percent at USD 1,222.40 an ounce in Singapore.
Analysts attributed the fall in prices to trimming of positions by participants, tracking a weak trend in gold market as the dollar was pressured by weak US economic data and cautious comments about the global economy from Federal Reserve officials.
Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.
| Follow us on |
| Telegram, Whatsapp , Facebook, Twitter, Instagram, YouTube, Google Business Profile and Truth Social. |