APN News

  • Sunday, September, 2021| Today's Market | Current Time: 04:42:27
  • goldTracking a weakening trend in the global market on slowing demand, gold fell 0.79 percent to trade below the Rs 27,000 level in futures trade on Tuesday, as speculators indulged in trimming positions.

    Besides, slackened demand in the spot markets also put pressure on prices.

    At the Multi Commodity Exchange, gold for delivery in June dipped below Rs 27,000-level by falling Rs 213, or 0.79 per cent, to Rs 26,883 per 10 gm in business turnover of 18,265 lots

    Likewise, the metal for delivery in far-month August drifted by Rs 220, or 0.80 per cent to Rs 27,195 per 10 grams in 533 lots.

    At the spot markets, gold prices fell by Rs 220 to Rs 27,650 per 10 grams in the national capital.

    Analysts said besides fall in spot demand, a weak trend in the overseas markets on signs that physical purchases may be slowing after prices climbed to the highest since 15th April, mainly put pressure on gold futures.

    Globally, gold fell 0.7 percent to USD 1,459.85 an ounce in London.