3:13 pm - Monday December 16, 2002

Gold futures ease to Rs 29,130 per 10 gm

173 Viewed Alka Anand Singh Comments Off on Gold futures ease to Rs 29,130 per 10 gm
Gold futures ease to Rs 29,130 per 10 gm
Gold futures ease to Rs 29,130 per 10 gm

New Dehli – Gold prices moved down 0.36 per cent to Rs 29,130 per 10 gram at the futures trade today after participants offloaded partial positions, taking weak cues from the global market.

On the Multi Commodity Exchange, gold for delivery in February eased Rs 104 or 0.36 per cent to Rs 29,130 per 10 gm in a business turnover of 224 lots.

Likewise, the metal for delivery in December shed Rs 46 or 0.15 per cent to Rs 30,190 per 10 gm in 7 lots.

Market analysts said a weak trend in the overseas market on speculation that the Federal Reserve will begin reducing its monetary stimulus as the US economy strengthens, mainly weighed on gold prices at the futures trade here.

Globally, the yellow metal fell 0.6 per cent to $1,245.87 an ounce in Singapore today.

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