Gold June futures down by 0.2% on a weak trend overseas and profit-booking

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Gold June futures down by 0.2% on a weak trend overseas and profit-booking

Amid a weak market trend and profit-booking by bullion traders, gold is trading lower in futures trade today.

At the Multi Commodity Exchange, gold June futures delivery eased by Rs 53, or 0.20%, to Rs 26,815 per 10 grams. Analysts said besides profit-booking by speculators weighed pressure on gold futures prices at MCX.

Gold snapped its three-day losing streak today in the national capital, gold of 99.9 per cent and 99.5 per cent purity rebounded by Rs 220 each to Rs 27,220 and Rs 27,070 per 10 gm, respectively.

US non-farm payroll data is to be released at the end of this week, before the movement of gold has become extremely sluggish.

Gold jumped slightly higher overseas, but remained below the key support level $1.200 as investors looked ahead to the US non-farm payrolls, April report on Friday, to get freshest indications on the strength of the economy and when a rate increase US Fed.

Globally, Also on the Comex, gold futures for June delivery gains by 60 cents, or 0.05%, to trade at $1,187.40 a troy ounce.

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Gold futures down on profit-booking amidst a weak trend in global markets

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Gold futures down on profit-booking amidst a weak trend in global markets

Gold futures prices on MCX were trading lower on Tuesday amidst a weak trend in global markets. Speculators cut their positions and indulged in booking profits at prevailing levels.

Gold futures declined by Rs 52, or 0.19%, to trade at Rs 26,945 per 10 grams for delivery in June on the Multi Commodity Exchange. Prices hit an Intraday high of Rs 26,980 and an Intraday low of Rs 26918. So far 940 futures contracts for June have been traded in MCX.

Snapping its 4-day rising streak, gold prices fell in Delhi, gold of 99.9 and 99.5 per cent purity declined by Rs 20 each at Rs 27,230 and Rs 27,080 per 10 grams, respectively.

The dollar pushed higher against the euro and the yen on Tuesday, having recovered almost all the ground lost in the wake of unexpectedly weak US jobs report on Friday.

At the global level Gold prices retreated 7-week high, as traders continued to monitor the direction of the dollar for measuring the appeal of the precious metal.

On the Comex, gold futures for delivery in June yield $ 4.80, or 0.39%, to trade at $ 1213.80 a troy ounce. Prices stayed in a narrow range between $ 1211.10 and $ 1215.90 an ounce.

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MCX Gold futures rise by 1.1% on global cues

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MCX Gold futures rise by 1.1% on global cues

MCX Gold prices were trading in futures trade as market players created fresh positions, taking positive cues from the weak global market.

At the Multi Commodity Exchange, gold for delivery in June was trading Rs 305, or 1.15% higher, at Rs 26,902 per 10 grams. Prices touched a session high of Rs 27,049 and low of Rs 26,645. So far 6,582 futures contracts have been traded in MCX.

The metal for delivery in four-month August was trading at Rs 27,103 up Rs 358, or 1.34 percent. Prices touched an Intraday high of Rs 27208 and an Intraday low of Rs 27033.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity climbed by Rs 240 each to Rs 27,250 and Rs 27,100 per 10 grams, respectively, a level last seen on March 2.

Besides, increased buying by jewellers and retailers to meet rising demand supported the uptrend at the bullion market today.

On the Comex New York, gold futures for June delivery soared to $ 1235.50 a troy ounce, its highest Intraday level since Feb. 17.

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MCX Gold June futures contract trades higher on global cues

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MCX Gold June futures contract trades higher on global cues

Gold prices, trade higher in futures trade today as speculators created fresh positions, tracking a firm global trend.

After the release of soft, non-farm payroll figures, gold futures soared on Wednesday.

At the Multi Commodity Exchange, gold for delivery in June was trading at Rs 26,379 up Rs 110, or 0.42 percent. Gold touched an Intraday session high of Rs 26412 and an Intraday session low of Rs 26350. So far as MCX commodity exchange 829 gold futures contracts have been traded.

In the national capital Delhi at the bullion market on emergence of buying by jewellers and retailers at existing lower levels, gold of 99.9 and 99.5 per cent purity rose by Rs 200 each to Rs 26,775 and Rs 26,625 per 10 grams respectively.

On the Comex New York Mercantile Exchange, gold futures delivery in June rallied $24.30 or 2.05% to $1,207.50 a troy ounce. Meanwhile, gold rose 0.5% to USD 1,189.15 an ounce in Singapore.

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MCX Gold August futures fall to Rs 26512 down Rs 14, or 0.05 percent

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MCX Gold August futures fall to Rs 26512 down Rs 14, or 0.05 percent

MCX Gold prices decline in futures trade today amid signs of weak global markets.
Bullion post its second consecutive monthly loss in March as a stronger US dollar generally wetted the appeal of the precious metal.

At the Multi Commodity Exchange, gold August futures were trading at Rs 26,512 down Rs 14, or 0.05 percent. Prices touched an Intraday session high of Rs 26,513 and an Intraday session low of Rs 26,469.

Likewise, the metal for delivery in June shed Rs. 73 or 0.28 per cent to Rs. 26,382 per 10 grams. Prices touched an Intraday high of Rs 26,425 and an Intraday low of Rs 26,360. So far 1094 contracts have been traded at MCX.

In Singapore, the yellow metal prices dipped to $1,185.49 an ounce from yesterday’s $1,186.07. While, on the Comex, gold futures for June delivery slightly up $1.40, or 0.12%, to trade at $1,186.70 a troy ounce.

Gold prices have fallen nearly 3% in March, as the greenback strengthened amid growing expectations of rising interest rates in the US later this year.

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MCX Gold June futures contract slips 1% to Rs 26,492

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MCX Gold June futures contract slips 1% to Rs 26,492 At MCX Gold futures contract slipped on Monday as metals traders awaited a potential deal regarding the destabilization of Iran’s nuclear program.

At the MCX, gold futures delivery in June was trading at Rs 26,492 down Rs 339, or 1.26 percent. Gold touched an Intraday high of Rs 26760 and an Intraday low of Rs 26476. So far 2459 futures contracts have been traded on the Multi Commodity Exchange.

At the bullion market in Delhi, gold of 99.9 per cent purity recorded a steep fall of Rs 410 to Rs 26,690 per 10 grams and 99.5 per cent pure gold plunged by Rs 360 to Rs 26,540.

On the Comex, New York, gold futures delivery in June plummeted $15.80 or 1.32% to $1,184.90.

The chancellors of the leading powers of the world met in Lausanne, Switzerland, on Monday, as the minutes passed up a time limit for reaching a preliminary agreement with Iran. The two sides expect to negotiate the final details of an agreement that would limit Iran’s nuclear capability before by midnight Tuesday night.

Gold is considered a safe haven for investors in times of global instability. Reach agreement could push investors away from precious metals and riskier assets bearing performance.

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MCX Gold June contract slips down Rs 225 to Rs 26,825

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MCX Gold June contract slips down Rs 225 to Rs 26,825

Gold futures prices were trading lower on Friday at MCX, as speculators locked-in gains amid weak trends overseas.

Ms. Yellen did not reveal any indication of whether she will discuss the long-term prospects for the Fed to tighten in his speech at the Federal Reserve Bank of San Francisco conference on Friday afternoon.

At the Multi Commodity Exchange, the June contracts of gold quoted at Rs 26,825 down Rs 225, or 0.83 percent. Prices touched an Intraday high of Rs 26,962 and an Intraday low of Rs 26,781. So far 1364 contracts have been traded in MCX

While, April contracts were trading at Rs 26,607 down Rs 194, or 0.72 percent. Rates touched an Intraday high of Rs 26758 and an Intraday low of Rs 26559. So far 6619 futures contracts have been traded.

On Friday at the domestic bullion market, gold of 99.9 per cent purity advanced by Rs 150 to trade over three-week high at Rs 27,100 per 10 grams, a level last seen on March 4.

Similarly, gold of 99.5 per cent purity gained Rs 100 to Rs 26,900 per 10 grams on a firming global trend and sustained buying by jewellers to meet seasonal demand.

KheloMCX Analysts attributed the fall in gold futures on Friday afternoon amid a shaky dollar, as traders awaited the comments of the Federal Reserve President Janet Yellen later in the session.

On the Comex New York Mercantile Exchange, gold futures delivery in April fell 5.80% or 0.48% to $1,199 a troy ounce. Meanwhile, gold futures prices fell by 0.4% to $1,200.10 an ounce in Singapore.

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