{"id":436490,"date":"2014-04-18T08:06:57","date_gmt":"2014-04-18T04:06:57","guid":{"rendered":"http:\/\/www.dubaigoldprices.com\/?p=436490"},"modified":"2014-04-18T08:06:57","modified_gmt":"2014-04-18T04:06:57","slug":"gold-price-dips-below-1300-on-fund-outflows","status":"publish","type":"post","link":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/2014\/04\/18\/gold-price-dips-below-1300-on-fund-outflows\/","title":{"rendered":"Gold price dips below $1,300 on fund outflows"},"content":{"rendered":"<p>Gold prices edged lower by Rs 74 to Rs 28,515 per ten grams in futures trade Thursday as market participants trimmed their positions in tandem with a weakening trend overseas.<\/p>\n<p>At the Multi Commodity Exchange (MCX), gold for delivery in June moved lower by Rs 74 or 0.26 percent to Rs 28,515 per ten grams.<\/p>\n<p>Gold in overseas markets, which normally set price trend on the domestic front, dipped below USD 1,300 per ounce today.<\/p>\n<p>Strong equities coupled with the sharpest outflow from the world&#8217;s biggest gold-backed fund in 4 months mainly dampened the safe-haven appeal of the yellow metal.<\/p>\n<p>SPDR Gold Trust, the world&#8217;s largest gold-backed exchange-traded fund, said its holdings fell 8.39 tonnes to 798.43 tonnes on Wednesday- the biggest outflow since Dec. 23, reversing gains in the previous two sessions.<\/p>\n<p>Spot gold last quoted down USD 2.30 or 0.18 percent at USD 1,299.90 per ounce after making a low and high of USD 1,395.70 &#8211; USD 1,303.10 per ounce earlier in intra-day trade.<\/p>\n<p>Meanwhile, gold prices recovered by Rs 130 to Rs 30,130 per 10 grams at Delhi bullion market on scattered buying by stockists for the wedding season demand.<\/p>\n<p>However, silver fell further by Rs 300 to Rs 43,000 per kg on reduced offtake by industrial units and coin makers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices edged lower by Rs 74 to Rs 28,515 per ten grams in futures trade Thursday as market participants trimmed their positions in tandem with a weakening trend overseas. At the Multi Commodity Exchange (MCX), gold for delivery in June moved lower by Rs 74 or 0.26 percent to Rs 28,515 per ten grams. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":436491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-436490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-in-india-2"],"_links":{"self":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/436490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/comments?post=436490"}],"version-history":[{"count":0,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/436490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media\/436491"}],"wp:attachment":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media?parent=436490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/categories?post=436490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/tags?post=436490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}