MCX GOLD FEBRUARY FUTURES PRICES FALL AROUND 0.5 PER CENT TO RS 25,500.

MCX GOLD FEBRUARY FUTURES PRICES FALL AROUND 0.5 PER CENT TO RS 25,500.

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MCX Gold February futures prices fall around 0.5 per cent to Rs 25,500
MCX Gold February futures prices fell for a third day on Friday around 0.5 per cent to Rs 25,500 as speculators offloaded their positions tracking a weak global trend.
Gold is underway for a second annual drop in part as the Federal Reserve ended a program of buying assets not stoking inflation amid a drop in prices of energy. Crude fell to the lowest level since 2010, as OPEC did not take action for relieving an oversupply.
At the Multi Commodity Exchange futures market, Gold February delivery fell by Rs 125 (or 0.47 per cent) to Rs 25,509 per 10 grams.
KheloMcx Bullion Market observers said the falling prices of gold futures was mostly due to a weakening trend in the global marketplace as crude oil at the lowest level in four years the prospects of a cooldown consumer prices, which reduces the demand for hedge against inflation.
Meanwhile, gold in comex New York for February delivery fell 1.3 percent to $1,181.90 an ounce.
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