 "Gold futures down 0.2% on weak global cues")
Gold futures prices today fell by 0.20% to Rs 27,610 per 10 grams as speculators offloaded their positions amid a weak global trend.
At the Multi Commodity Exchange, gold prices for delivery in far-month April fell by Rs 56, or 0.20%, to Rs 27,610 per 10 grams in business turnover of 99 lots.
Similarly, metal prices for delivery this month declined by Rs 40, or 0.14%, to Rs 27,800 per ten grams in nine lots.
Meanwhile, gold traded lower at $1,272.83 an ounce from $1,274.41 in Singapore in yesterday.
At the Multi Commodity Exchange, gold prices for delivery in far-month April fell by Rs 56, or 0.20%, to Rs 27,610 per 10 grams in business turnover of 99 lots.
Similarly, metal prices for delivery this month declined by Rs 40, or 0.14%, to Rs 27,800 per ten grams in nine lots.
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Market analysts said the fall in gold futures was mostly attributed to trimming of positions by speculators, tracking a weak trend overseas as investors weighed prospects for higher US interest rates amid signs that a global slowdown may be hurting the world's largest economy.
Meanwhile, gold traded lower at $1,272.83 an ounce from $1,274.41 in Singapore in yesterday.