MCX GOLD APRIL FUTURES CONTRACT TRADES LOWER 0.2% TO RS 27,610.

MCX GOLD APRIL FUTURES CONTRACT TRADES LOWER 0.2% TO RS 27,610.

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Gold futures prices on MCX were trading with marginal loss on Tuesday, as speculators offloaded their positions amid a weak global trend.
At the Multi Commodity Exchange, gold futures prices for April delivery fell by Rs 56, or 0.20%, to Rs 27,610 per 10 grams. Gold hit an intraday session high of Rs 27659 and an intraday session low of Rs 27593. So far 964 contracts have been traded on MCX.
Similarly, futures prices for delivery in June was trading at Rs 27,722 down Rs 72, or 0.26 percent.
In the national capital bullion market, gold of 99.9 and 99.5 per cent purity plunged by Rs 180 each to Rs 28,270 and Rs 28,070 per 10 grams respectively, as demand from jewellers and retailers eased at prevailing levels amid a weak global trend.
On the Comex, New York gold futures prices for April delivery quoted down to $7.30, or 0.57%, at $1,284.20 a troy ounce. Gold in New York, which normally sets price trend on the domestic front, fell 0.72 percent to USD 1,273.80 an ounce in yesterday’s trade.
Market analysts said the fall in gold futures was mostly on weak global cues. At global front, market players looked ahead to the release of key U.S. data later in the week for further indications on the strength of the economy and the future path of monetary policy.
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