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.
To contact the KheloMCX Advisory Or Free trial Advisory Visit KheloMCX.com.