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Gold futures down 0.87 pc on weak global cues

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Press Trust of India New Delhi
Last Updated : Apr 14 2015 | 6:02 PM IST
Gold futures prices today fell by 0.87 per cent to Rs 26,466 per 10 gm as speculators offloaded their positions amid a weak global trend.
The exchange opened for the evening session as it remained closed in the morning for Baba Saheb Ambedkar Jayanti.
At the Multi Commodity Exchange, gold prices for delivery in June fell Rs 233 or 0.87 per cent to Rs 26,466 per 10 gm in business turnover of 711 lots.
Similarly, metal prices for delivery in far-month August declined by Rs 224 or 0.83 per cent to Rs 26,627 per 10 gm in three lots.
Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas before the US retail sales data that may strengthen the case for higher borrowing costs.
Meanwhile, gold prices fell 0.6 per cent to USD 1,191.47 an ounce in London.

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First Published: Apr 14 2015 | 6:02 PM IST

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