Cloudy
18°CSun :Cloudy. High: 21 Low: 12

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

Yogendra-yadav-l-express-ph

Aam Aadmi Party protester gathering reports its future blueprint

April-16-2015
The protester gathering in the Aam Aadmi Party (AAP) on Wednesday reported its future blueprint, including a National Convenor of the “development”
rr

Mumbai Police examining risk mail to RBI representative Raghuram Rajan

April-16-2015
Mumbai police have affirmed that Reserve Bank of India senator Raghuram Rajan has gotten a risk mail on his own email id.
flipkart-pulls-out-of-airtel-zero-service

Flipkart exits from Airtel arrangement to bolster Net Neutrality

April-16-2015
Internet fairness is the hotly debated issue for the time being. Flipkart has purportedly left an arrangement with’s Airtel Zero, reports expressed.
vbk-28-salman_1866873f

Hit-and-Run case : Salman Khan says proof was created

April-16-2015
Proceeding with the last contentions in the Salman Khan charged hit-and- run case, the performer’s attorney on Wednesday guaranteed that the whole
20150415-D6D72CAD360F71C5-0-0-E97E87F1-2DA25B02A2D3ADE7

IPL 8: Vinod Kambli Apologizes for Offensive Tweets from Friend on Twitter

April-16-2015
New Delhi: Former India batsman Vinod Kambli on Wednesday apologized for hostile tweets posted on his Twitter handle. (‘Junior Malik Coming Soon’,
CCnITJ1VIAA2stf

Twinkle Khanna’s Little Daughter is Future ‘Intense Competition’ For Baba Ramdev

April-16-2015
“Baba Ramdev you have some extreme rivalry impending some way or another as Baby Nitara realizes all the moves,” Twinkle Khanna composed