In this paper, we study a class of contracting flows of closed, convex hypersurfaces in the Euclidean space $${\mathbb {R}}^{n+1}$$ with speed $$r^{\alpha } \sigma _k$$, where $$\sigma _k$$ is the k-th elementary symmetric polynomial of the principal curvatures, $$\alpha \in {\mathbb {R}}^1$$, and r is the distance from the hypersurface to the origin. If $$\alpha \ge k+1$$, we prove that the flow exists for all time, preserves the convexity and converges smoothly after normalisation to a sphere centred at the origin. If $$\alpha <k+1$$, a counterexample is given for the above convergence. In the case $$k=1$$ and $$\alpha \ge 2$$, we also prove that the flow converges to a round point if the initial hypersurface is weakly mean-convex and star-shaped.
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