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Monday, February 23, 2015

Gold futures slide 0.30% on global cues

Epic Research Update : Deccan Gold Mines

Gold prices eased by 0.30 per cent to Rs 26,377 per 10 grams in futures trading today as speculators trimmed positions amid subdued global trend.

At the Multi Commodity Exchange, gold for delivery in May declined by Rs 79, or 0.30 per cent, to Rs 26,377 per 10 grams in a business turnover of 14 lots.

Likewise, the metal for delivery in April traded lower by Rs 74, or 0.28 per cent, to Rs 26,203 per 10 grams in 1,126 lots.

Analysts attributed the decline in gold futures to a weak global trend.

Meanwhile, gold traded lower by 0.03 per cent to USD 1,203.50 an ounce in Singapore.

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