Gold declines Rs 612 on strong dollar

Gold declines Rs 612 on strong dollar

NEW DELHI [Maha Media]: Gold prices declined Rs 612 to Rs 1,09,210 per 10 grams in domestic futures trade on Thursday as speculators cut positions following a firm recovery in the dollar after the US Federal Reserve's cautious policy stance dampened bullion's rally.

On the Multi Commodity Exchange (MCX), gold futures for October delivery depreciated Rs 612 or 0.56 per cent to Rs 1,09,210 per 10 grams.

The December contract also diminished Rs 566 or 0.51 per cent to Rs 1,10,300 per 10 grams.
 

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