MCX GOLD JUNE, AUGUST CONTRACT SLIPS IN FUTURE TRADE

MCX GOLD JUNE, AUGUST CONTRACT SLIPS IN FUTURE TRADE

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Gold prices on MCX were trading down on Monday in early Morning trade. MCX Gold August contract was trading at Rs 27820 down Rs 96, or 0.34%.  MCX Gold June futures prices trading down by 0.31% to Rs 28,436 per 10 grams.
MCX Gold June, August contract slips in future trade

Gold price hit an intraday high of Rs 28474 and an intraday low of Rs 28350. So far 1066 contracts have been traded. Gold price hit an intraday high of Rs 27850 and an intraday low of Rs 27813. So far 51 contracts have been traded.
Globally, gold decline 0.70% to $ 1,280.02 an ounce, the lowest price level since May 2 in Singapore. Analysts said that a weakening trend overseas amidst speculation the U. S. Fed will continue to reducing the monetary stimulus weighed heavily on gold prices in futures trading.
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