Gold futures slip Rs 256 to Rs 52,622 per 10 gram

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New Delhi, March 14

Gold prices on Monday fell by Rs 256 to Rs 52,622 per 10 grams in futures trade as participants cut down their bets amid a weak global trend.

On the Multi Commodity Exchange, gold contracts for April delivery declined by Rs 256 or 0.48 per cent to Rs 52,622 per 10 grams in a business turnover of 10,239 lots.

Analysts attributed the fall in prices to trimming of positions by investors tracking a weak trend in international market.

Globally, gold was trading 0.38 per cent lower at USD 1,977.40 per ounce in New York.

The Tribune