 "Gold futures down 0.3% on weak global cues")
Gold futures prices today fell by 0.30% to Rs 26,064 per 10 grams as speculators offloaded their positions in tandem with a weak global trend.
At the Multi Commodity Exchange, gold prices for delivery in August fell by Rs 79, or 0.30%, to Rs 26,064 per 10 grams in business turnover of 1,660 lots.
Similarly, metal prices for delivery in October declined by Rs 67, or 0.26%, to Rs 26,174 per ten grams in 56 lots.
Besides, strengthening dollar also putting pressure on gold prices, they said.
Meanwhile, gold prices fell 0.6% to $1,242.50 an ounce in Singapore.
At the Multi Commodity Exchange, gold prices for delivery in August fell by Rs 79, or 0.30%, to Rs 26,064 per 10 grams in business turnover of 1,660 lots.
Similarly, metal prices for delivery in October declined by Rs 67, or 0.26%, to Rs 26,174 per ten grams in 56 lots.
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Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas ahead of US jobs data that may add to signs of improving economy, fuelling speculation that the Federal Reserve will scale back monetary stimulus.
Besides, strengthening dollar also putting pressure on gold prices, they said.
Meanwhile, gold prices fell 0.6% to $1,242.50 an ounce in Singapore.