Gold futures go down after sluggish global leads

Gold futures go down after sluggish global leads
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New Delhi: Gold prices fell 0.15 per cent to Rs 29,275 per 10 grams in futures trade on Monday as participants cut down their bets amid a weak global trend.

At Multi Commodity Exchange, gold prices for delivery in December fell by Rs 43, or 0.15 per cent, to Rs 29,275 per 10 grams in a business turnover of 77 lots.

Analysts attributed the fall in prices to lower positions from participants, tracking a weak trend in the global market, as investors remained cautious ahead of the naming of the next US Federal Reserve chair and a two-day Federal Open Market Committee (FOMC) meeting this week.

Meanwhile, gold fell 0.16 per cent at USD 1,271.20 an ounce in Singapore on Monday.

PTI