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Gold prices fall over Rs 2,000 per kg – Check Details

Gold prices fall over Rs 2,000 per kg

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Gold prices fall over Rs 2,000 per kg

As per 1 KG prices of gold, the yellow metal slid by Rs 2,000.

New Delhi: Gold futures on Wednesday fell as participants cut down their bets amid a weak global trend, reported PTI.

Gold contracts for June delivery declined by Rs 33 or 0.06 percent to Rs 50,775 per 10 grams in a business turnover of 10,770 lots on the Multi Commodity Exchange (MCX).

As per 1 KG prices of gold, the yellow metal slid by Rs 2,000.

Analysts attributed the fall in gold prices to the trimming of positions by investors, tracking a weak trend in the overseas market.

In the international market Gold prices fell on Wednesday, as higher U.S.

Treasury yields and a looming interest rate hike announcement by the Federal Reserve dented demand for zero-yield bullion. Spot gold was down 0.3% at $1,862.48 per ounce, as of 0217 GMT. U.S. gold futures fell 0.4% to $1,82.40.

New Delhi: Gold futures on Wednesday fell as participants cut down their bets amid a weak global trend, reported PTI.

Gold contracts for June delivery declined by Rs 33 or 0.06 percent to Rs 50,775 per 10 grams in a business turnover of 10,770 lots on the Multi Commodity Exchange (MCX).

As per 1 KG prices of gold, the yellow metal slid by Rs 2,000.

Analysts attributed the fall in gold prices to the trimming of positions by investors, tracking a weak trend in the overseas market. In the international market Gold prices fell on Wednesday, as higher U.S. Treasury yields and a looming interest rate hike announcement by the Federal Reserve dented demand for zero-yield bullion. Spot gold was down 0.3% at $1,862.48 per ounce, as of 0217 GMT. U.S. gold futures fell 0.4% to $1,82.40.

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