Markets

Gold, silver futures ease on weak global cues

Representational image.

Representational image.   | Photo Credit: Reuters

The yellow metal for June delivery declined by ₹554, or 1.39%

Gold prices on Tuesday fell by ₹477 to ₹39,041 per 10 gram in futures trade as participants cut down their positions tracking a weak trend overseas. Silver futures plunged ₹748 to ₹35,459 per kg.

On the Multi Commodity Exchange, gold prices for April delivery fell by ₹477, or 1.21%, to ₹39,041 per 10 gram in a business turnover of 4,662 lots. Silver contracts for May delivery tumbled by ₹748, or 2.07%, to ₹35,459 per kg in a business turnover of 7,914 lots

The yellow metal for June delivery declined by ₹554, or 1.39%, to ₹39,335 per 10 gram in 757 lots. Besides, the white metal to be delivered in July fell by ₹733, or 1.99%, to ₹36,024 per kg in 374 lots.

Globally, gold was trading 0.20% lower at $1,483.60 per ounce and silver prices traded 1.10% lower at $12.68 an ounce in New York.

Analysts said weak trend overseas mainly kept pressure on gold, silver prices at futures prices here.

Why you should pay for quality journalism - Click to know more

Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Apr 2, 2020 3:14:27 AM | https://www.thehindu.com/business/markets/gold-silver-futures-ease-on-weak-global-cues/article31096329.ece

Next Story