MCX GOLD DECEMBER FUTURES FALL 0.8% TO RS 26,266 AMID A WEAK GLOBAL TREND.

MCX GOLD DECEMBER FUTURES FALL 0.8% TO RS 26,266 AMID A WEAK GLOBAL TREND.

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MCX Gold December futures fall 0.8% to Rs 26,266 amid a weak global trend
MCX prices of gold fell 0.8% in futures trading today as speculators discharge their positions amid a subdued global trend.
At the Multi Commodity Exchange, gold futures delivery in December lost Rs 210, or 0.8%, to Rs 26,266 per 10 grams.
In Delhi, gold of 99.9 and 99.5 percent purity up by Rs 20 each to Rs 26,900 and Rs 26,700 per ten grams, respectively on the back of demand for the wedding season. While sovereign remained stable at Rs 23,700 per piece of eight grams.
On the Comex in New York, US gold futures for February delivery was fell $ 2.80, or 0.23%, to trade at $ 1205.90 a troy ounce, as investors waited the completion of the European Central Bank’s monthly policy meeting as well upcoming data on U.S. employment.
It is expected the bank to stop announcing quantitative easing, but may extend their asset purchase program.
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