MCX GOLD FEBRUARY FUTURES CONTRACT DECLINES 1.13 PER CENT ON WEAK GLOBAL CUES.

MCX GOLD FEBRUARY FUTURES CONTRACT DECLINES 1.13 PER CENT ON WEAK GLOBAL CUES.

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MCX GOLD FEBRUARY FUTURES CONTRACT DECLINES 1.13 PER CENT ON WEAK GLOBAL CUES
Prices of gold futures was quoted lower on Tuesday by 1.13 percent to 27,011 rupees per 10 grams as speculators lowered their exposures, tracking overnight fall in precious metals on global markets.
At the Multi Commodity Exchange, Gold February 2015 contract fell sharply by Rs 309, or 1.13 per cent, to Rs 27,011 per 10 grams. Prices touched an intraday high of Rs 27,225 and an intraday low of Rs 26,986. So far 2374 contracts have been traded.
Likewise, the metal for delivery in April futures contract was trading at Rs 27175 down Rs 266, or 0.97 percent.
In Delhi bullion domestic market, gold of 99.9 and 99.5 per cent purity tumbled by Rs 180 each to Rs 27,200 and Rs 27,000 per ten gram respectively. It had gained Rs 80 in the previous three days.
In global market, Spot gold was up 0.2 per cent at $1,194.56 an ounce.
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