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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Gold April futures rise by 0.4% on a firming trend overseas

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Gold April futures rise by 0.4% on a firming trend overseas

Gold prices climbed on futures trade today as participants engaged in expanding positions on a firming trend overseas.

Gold for delivery in April contracts gained Rs 110, or 0.42%, to trade at Rs 26,593 per 10 grams. Gold rate hit an Intraday high of Rs 26614 and an Intraday low of Rs 26562. So far 1127 contracts have been traded on the Multi Commodity Exchange.

KheloMCX Commodity Analysts said that a reassuring trend in a global marketplace where gold rallied above $ 1,200 an ounce as Saudi Arabia and its allies began bombing targets in Yemen, fueling demand for safe haven, supported the rise of precious metal trading in MCX future here.

In the national capital, gold of 99.9 and 99.5 per cent purity jumped by Rs 400 each to Rs 26,950 and Rs 26,800 per 10 grams, respectively.

Furthermore, the purchase of the festive season by retailers, the weakness of the rupee against the dollar and change funds falling equity markets influenced prices of precious metals, they said.

The markets were closed on Wednesday as traders failed to do business to protest the budget proposal for the PAN need for buying worth of gold over Rs 1 lakh.

Gold in Singapore, rose 0.5 per cent to $1,201.60 an ounce – the highest price since March 5.

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MCX Gold June futures fall 0.40% at Rs 26,436 on global cues

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MCX Gold June futures fall 0.40% at Rs 26,436 on global cues

Today dollar – which had fallen initially – was up 0.2 per cent against a basket of currencies, after US data showed an uptick in underlying inflation pressures and gains in home prices.

Touching the upper level of the international market after nearly two weeks, the pressure seems to gold. MCX gold with 0.30 per cent of weakness in the domestic market, it is trading around Rs 26,275.

At MCX June futures contract was trading at Rs 26,436 down Rs 106, or 0.40 percent. Gold touched an intraday high of Rs 26469 and an intraday low of Rs 26431. So far 140 contracts have been traded on the Multi Commodity Exchange.

Besides, at global market Gold prices rose, on growing expectations that a US interest rate increase could be pushed to September.

Spot gold climbed to its highest level since March 6 at $1,195.30 an ounce. While,  US gold futures for April delivery rose $3.70, or 0.3 per cent, to settle at $1,187.70 an ounce.

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Gold June futures rise 0.48% to Rs 26,470 per 10 grams on global cues

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Gold June futures rise 0.48% to Rs 26,470 per 10 grams on global cues

Gold futures prices held on to gains on Tuesday as speculators created fresh positions amid positive cues from overseas markets, after consumer price inflation in the U.S. rose in line with expectations in February.

At the Multi Commodity Exchange, gold for delivery in far-month June rose by 0.48 per cent to Rs 26,470 per 10 grams, while delivery in April was up by Rs 108, or 0.41 per cent, to Rs 26,306 per ten grams.

In the national capital, gold of 99.9 and 99.5 per cent purity soared by Rs 100 each to Rs 26,550 and Rs 26,400 per 10 grams, respectively. Bullion Dealers said increased buying by jewelers to meet the rising demand amid a firm global trend mainly boosted sentiment here.

Globally, on New York,  gold futures for April delivery tacked on $4.20, or 0.35%, to trade at $1,191.90 a troy ounce. Meanwhile, silver futures for May delivery advanced 8.7 cents, or 0.52%, to trade at $16.97 a troy ounce.

The Labor Department said US consumer prices rose 0.2% last month, meeting expectations and after a drop of 0.7% in January. Year after year, consumer prices remained stable in February, compared with expectations of decline 0.1% after falling 0.1% in January.

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MCX Gold June contract trading down at Rs 26,216

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MCX Gold June contract trading down at Rs 26,216

Gold prices slipped from a three-day rally on Monday in the future trade market, amid a weak dollar and caution from the Federal Reserve on the timing of a possible hike in US interest rates.

At the Multi Commodity Exchange, Gold June futures contract quoted up at Rs 26,216 down Rs 49, or 0.19 percent. Prices hit an Intraday high of Rs 26238 and an Intraday low of Rs 26187. So far on MCX 57 contracts have been traded.

The gold April contract was trading at Rs 26,117 down Rs 65, or 0.25 percent. So far 704 contracts have been traded in MCX.

In the national capital Delhi, gold of 99.9 and 99.5 per cent purity declined by Rs 50 each to Rs 26,450 and Rs 26,300 per 10 GM, respectively.

Globally, gold futures contract traded lower at $1,182.30 an ounce and silver fell by 0.21 per cent to $16.69 an ounce in Singapore.

Traders said there the next key support level for gold is $ 1,200 higher. Gold was down to a minimum of four months before the Fed met last week referred mounted higher interest rates in the United States, which could dent demand for non-interest bearing bullion. But it has since recovered.

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