 "Gold down 0.1% on global cues")
Gold futures fell by 0.19% to Rs 28,517 per 10 grams today as participants indulged in reducing exposures, tracking a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in April, fell by Rs 54, or 0.19%, to trade at Rs 28,517 per 10 grams in a turnover of 297 lots.
Similarly, the metal for delivery in June shed Rs 19, or 0.07%, to Rs 28,548 per 10 grams in 72 lots.
Analysts said a weakening trend overseas as further signs of recovery in the US boosted the case for the Federal Reserve to keep reducing stimulus, weighed on gold futures prices here.
At the Multi Commodity Exchange, gold for delivery in April, fell by Rs 54, or 0.19%, to trade at Rs 28,517 per 10 grams in a turnover of 297 lots.
Similarly, the metal for delivery in June shed Rs 19, or 0.07%, to Rs 28,548 per 10 grams in 72 lots.
More From This Section
Globally, gold eased to almost six-week low of $1,304.03 an ounce in Singapore.
Analysts said a weakening trend overseas as further signs of recovery in the US boosted the case for the Federal Reserve to keep reducing stimulus, weighed on gold futures prices here.