Wednesday, 18 June 2014

Gold futures decline on weak global cues

Gold futures traded down on MCX as speculators indulged in trimming positions following the weak trend in the overseas markets before the US Federal Reserve concludes a two-day policy meeting today putting pressure on the gold prices at futures trade.
The contract for August delivery was trading at Rs 26715.00, down by 0.46% or Rs 124.00 from its previous closing of Rs 26839.00. The open interest of the contract stood at 9137.00 lots.
The contract for October delivery was trading at Rs 26780.00, down by 0.41% or Rs 111.00 from its previous closing of Rs 26891.00. The open interest of the contract stood at 1090.00 lots on MCX.

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