New Delhi: Gold futures prices declined by
0.11 percent on the Multi Commodity Exchange on Monday as
speculators indulged in reducing their positions in tandem
with weak overseas trend.
Gold for October month contract fell by 0.11 percent to
Rs 14,878 per ten gram, clocking an open interest of 14,170
lots.
Similarly, gold for December contract shed 0.09 per cent
to Rs 14,891 per ten gram, clocking an open interest of 1,217
lots.
Marketmen said speculators reducing their positions
influenced by weakening trend in the Asian region mainly led
to fall in gold prices at futures market here.
Meanwhile, gold prices traded lower in Hong Kong at 944
dollars an ounce against Friday's close of 956.30 dollars.
Bureau Report
First Published: Monday, August 17, 2009, 13:20