Mostly Cloudy
2°CFri :Partly Cloudy. High: 3 Low: -2

Gold prices hit seven-month low of Rs 29,263 per 10 gm

Gold prices hit seven-month low of Rs 29,263 per 10 gm

New Delhi: Gold prices tumbled by 1.06 percent to Rs 29,263 per 10 grams in futures trade on Thursday amid heavy selling by speculators, driven by a steep fall in prices in global markets.

The most active gold contract for April delivery on the Multi Commodity Exchange (MCX) fell Rs 316, or 1.06 percent, to Rs 29,263 per 10 grams, with a business turnover of 12,794 lots.

Similarly, the metal for delivery in June dropped Rs 315, or 1.04 percent, to Rs 29,801 per 10 grams, with a business turnover of 920 lots.

Marketmen said gold prices dropped in futures trade on frantic selling by speculators as gold in global markets fell for the seventh day, slumping to the lowest level since July.

Gold in Singapore fell 0.60 percent to USD 1,555.55 an ounce, the lowest since July 12.

 

Top Stories

bmw

BMW M3 and M4 Coupe propelled in India, estimated at Rs 1.20 cr, Rs 1.22 cr individually

November-28-2014
BMW has propelled the M3 car and M4 Coupe execution twins in India with costs beginning at Rs 1.20 crore (M3 car)
Micromax-Canvas-Tab-P666-Photo-1-765x387

Micromax dispatches Intel based Canvas Tab P666 in India for Rs 10999

November-28-2014
Micromax, on Thursday propelled its new tablet Canvas Tab P666 in the Indian market for Rs. 10,999. Micromax has banded together with
Amit_Shah_650_rally_generic_20Nov14_1

For Amit Shah’s Kolkata Rally, BJP’s ‘Guinness Record’

November-28-2014
KOLKATA – A battle over Amit Shah’s rally in Kolkata on Sunday has driven the BJP to court the third time in
power-minister-piyush-goyal-says-government-will-act-soon-to-resolve-fuel-issue

Power Minister Piyush Goyal says government will act soon to intention fuel lack issue

November-28-2014
MUMBAI: India’s fuel-starved force undertakings would have the capacity to give a reward 30,000 MW ability to fuel the normal surge in
Srini_gurunath_LalitModi

IPL spot-altering: SC ought to rebuff Srinivasan, Meiyappan not scrap CSK

November-28-2014
We have to be mindful so as not to toss the child out with the bathwater. For all its apparent ills, the
ungli-zid-759

Emraan Hashmi, Randeep Hooda’s ‘Ungli’, Mannara’s “Zid” release today

November-28-2014
We have three exceptionally fascinating movies discharging this Friday – multi-starrer ‘Ungli’, Priyanka Chopra’s cousin Mannara’s introduction film, “Zid” and Adil Hussain’s