Published on 8/01/2018 2:59:18 PM | Source: Dion Global Solutions Ltd

Gold futures slip on subdued demand

Posted in Top Stories| #Gold #MCX #Commodity

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Gold prices fell in futures trading on Monday on account of subdued demand for precious metals from jewellers, industries and retailers. Analysts said that the bullion counter may trade on volatile path on Monday as movement of greenback and geopolitical tensions to give further direction to the prices. On domestic bourses movement of local currency can give further direction to the prices.

At the MCX, gold futures for February 2018 contract is trading at Rs 29194 per 10 grams, down by 0.08 per cent, after opening at Rs 29193, against a previous close of Rs 29217. It touched the intra-day low of Rs 29177 .