Gold Futures slipped more than 1 per cent on Thursday as downtrend seen in the international markets forced investors to exit bets in the yellow metal.
International gold has fallen 18 per cent this year on Cyprus worries and fears that Federal Reserve will end its bond buying programme sooner than expected, completely ignoring tensions in the Korean peninsula. Spot gold was seen at $1,378 an ounce.
Gold futures for June delivery at the Multi Commodity Exchange recovered marginally and was seen trading lower by Rs 120 or 0.47% at Rs 25,559 per 10 grams at 12.00 pm IST.
Silver futures was seen trading lower by Rs 474 or 1.09% at Rs 43,157 per kgs on the MCX.
In Asia, there was some physical buying seen but people are expecting downtrend to continue and expecting that prices may drop further.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google