Premium
This is an archive article published on January 25, 2011

Gold slips to Rs 19,757 per 10 gms

Gold futures prices dropped by Rs 240 to Rs 19,757 per 10 grams on heavy off-loading by speculators.

google-preferred-btn

Gold futures prices dropped by Rs 240 to Rs 19,757 per 10 grams on heavy off-loading by speculators on the back of weakening global trend and falling demand in spot markets.

Trading sentiments turned bearish,as metal prices fell to a two-month low in global markets and retail customers refrained from buying at existing higher levels.

At the Multi Commodity Exchange,gold for delivery in February fell by Rs 240,or 1.20 per cent,to Rs 19,757 per 10 grams,with a business turnover of just two lots.

Similarly,the metal for delivery in April contract moved down by Rs 227 to Rs 20,044 per 10 grams,with a trade volume of single lot.

Market analysts said besides weakening trends overseas,heavy selling by speculators mainly pulled down gold futures prices.

Reduced offtake at prevailing higher levels also influenced the trading sentiment,they said.

Meanwhile,gold lost 0.3 per cent to USD 1,330.22 an ounce,the lowest level since November 16 in Asia.

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
Modi
'Overcome electoral setbacks, raise strong points in debate': PM Modi urges Oppn
Virat Kohli of India during the 1st ODI match between India and South Africa at JSCA International Stadium Complex, Ranchi, India on November 30, 2025. (Photo: CREIMAS for BCCI)
SportsAs BCCI pushes for seniors to play domestic cricket, Virat Kohli says, 'I've never been a big believer of ...'
Amitabh Bachchan
EntertainmentAmitabh Bachchan may call marriage ‘biggest mistake of life,' says Jaya: 'I have been married to the same man for 52 years, can't love more than this'
Shahid Kapoor with wife Mira Rajput.
EntertainmentShahid Kapoor says Mira's 'strong faith towards her guru' attracted him
The fan appeared overwhelmed, as if he couldn’t believe he was standing before his cricket idol
TrendingPriceless moment or blind worship? Debate rages after fan invades pitch, touches Virat Kohli’s feet after century in Ranchi
Without a second thought, he leapt into the water and battled both the strong currents and the vehicle’s weight to reach the unconscious driver
Trending‘Heroes like him keep humanity alive’: man on boat rescues driver of drowning SUV; watch
Virat Kohli of India during the 1st ODI match between India and South Africa at JSCA International Stadium Complex, Ranchi, India on November 30, 2025. (Photo: CREIMAS for BCCI)
SportsAs BCCI pushes for seniors to play domestic cricket, Virat Kohli says, 'I've never been a big believer of a lot of preparation'
India defeated South Africa by 17 runs in the first ODI in Ranchi. (PHOTO: AP)
SportsIn Kohli’s run-flood, how South Africa slipped on Ranchi’s dew
Schrodinger’s economy: Rising and slowing at the same time
OpinionSchrodinger’s economy: Rising and slowing at the same time
For a global platform like WhatsApp, which has billions of users globally – and more than 500 million in India – it would mean re-engineering its service to meet Indian regulations, which are different from other countries.
ExplainedWhy a new govt directive means your WhatsApp Web could soon log you out every 6 hours
drinking water
LifestyleThis is what happens when you 'chew' water
Nikhil Kamath and Elon Musk
TechnologyElon Musk predicts work will become 'optional' due to AI, in talk with Nikhil Kamath
Advertisement
Must Read
SportsAs BCCI pushes for seniors to play domestic cricket, Virat Kohli says, 'I've never been a big believer of a lot of preparation'
Virat Kohli of India during the 1st ODI match between India and South Africa at JSCA International Stadium Complex, Ranchi, India on November 30, 2025. (Photo: CREIMAS for BCCI)
SportsIn Kohli’s run-flood, how South Africa slipped on Ranchi’s dew
India defeated South Africa by 17 runs in the first ODI in Ranchi. (PHOTO: AP)
SportsHockey, Junior World Cup: Meet India captain Rohit, a powerful drag-flicker from Hisar who idolises Harmanpreet Singh
At Hockey Junior World Cup 2025, Rohit is one of India's most crucial players, in addition to being the leader. (PHOTO: Hockey India)
TechnologyElon Musk predicts work will become 'optional' due to AI, in talk with Nikhil Kamath
Nikhil Kamath and Elon Musk
TechnologyI ran a local AI model on the new MacBook Pro with M5... here is my experience
MacBook Pro M5
TechnologyWhy Apple is challenging legality of CCI’s antitrust penalty rules in Delhi High Court
european union, apple
LifestyleThis is what happens when you 'chew' water
drinking water
Advertisement
Buzzing Now
TrendingPriceless moment or blind worship? Debate rages after fan invades pitch, touches Virat Kohli’s feet after century in Ranchi
The fan appeared overwhelmed, as if he couldn’t believe he was standing before his cricket idol
Trending‘Heroes like him keep humanity alive’: man on boat rescues driver of drowning SUV; watch
Without a second thought, he leapt into the water and battled both the strong currents and the vehicle’s weight to reach the unconscious driver
TrendingHimachal taxi driver returns tourist’s lost bag with equipment worth lakhs of rupees, video emerges: ‘This country has many positive aspects’
Taxi driver Satish Kumar discovered a bag valued at nearly Rs 10 lakh and drove a considerable distance solely to return it to its rightful owner
Trending‘They melt their bones’: Indian Army soldiers' cricket match in snow-laden landscape steals hearts. Watch
Even with biting cold and makeshift equipment, the soldiers’ enthusiasm won hearts on social media
TrendingStuck in Malaysia, Tamil Nadu man kicked and humiliated for sleeping outside bank; video emerges
With no income, no documents, and nowhere to stay, Mohamed ended up living on the streets of Kuala Lumpur
Dec 01: Latest News
Advertisement