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.

Updated Date:

also read

Gold prices fall by Rs 229, silver tumbles Rs 717 due to decline in global rates
Business

Gold prices fall by Rs 229, silver tumbles Rs 717 due to decline in global rates

In the international market, gold was trading lower at $1,832 per ounce, while silver remained flat at $27.38 per ounce

Gold, Silver Price Today: Precious metals get costlier; check Mumbai, Delhi, Chennai prices here
Business

Gold, Silver Price Today: Precious metals get costlier; check Mumbai, Delhi, Chennai prices here

The price of 22-carat gold in Delhi today is Rs 45,600 while 24-carat gold costs Rs 49,740 for 10 grams

Silver futures rise on spot demand, Gold prices decrease; check rates in major cities
India

Silver futures rise on spot demand, Gold prices decrease; check rates in major cities

Analysts say that silver has been able to outshine gold because of its dual nature as it is an industrial raw material as well as a precious metal