Gold prices fall by Rs 444 to Rs 39,800 per 10 gram in futures trade; participants cut down positions on weak global cues
Gold prices on Wednesday fell by Rs 444 to Rs 39,800 per 10 gram in futures trade as participants cut down their positions tracking a weak trend overseas
New Delhi: Gold prices on Wednesday fell by Rs 444 to Rs 39,800 per 10 gram in futures trade as participants cut down their positions tracking a weak trend overseas.
On the Multi Commodity Exchange, gold prices for April delivery fell by Rs 444, or 1.1 percent, to Rs 39,800 per 10 gram in a business turnover of 4,662 lots.
The yellow metal for June delivery declined by Rs 606, or 1.5 percent, to Rs 39,844 per 10 gram in 403 lots.
Analysts said subdued overseas cues mainly influenced sentiments here.
Globally, gold was trading 0.78 percent lower at $1,513.90 per ounce in New York.
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According to the RBI, premature redemption can be done only if the buyer approaches the concerned post office/bank at least one day prior to the coupon payment date. The money will be credited to the designated bank account of the investor