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

Press Trust of India March 18, 2020 14:01:42 IST
Gold prices fall by Rs 444 to Rs 39,800 per 10 gram in futures trade; participants cut down positions on weak global cues

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.

Gold prices fall by Rs 444 to Rs 39800 per 10 gram in futures trade participants cut down positions on weak global cues

Representative image. Reuters

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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