 "Gold down 0.7% on weak global cues; profit-booking")
Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.71% to Rs 28,303 per 10 grams in futures trade today.
At the Multi Commodity Exchange, gold for delivery in June eased by Rs 202, or 0.71%, to Rs 28,303 per 10 grams in a business turnover of 21 lots.
Likewise, the metal for delivery in August shed Rs 149, or 0.53%, to Rs 27,851 per 10 gm in 1,015 lots.
Globally, gold fell one% to USD 1,282 an ounce in Singapore today, the lowest since April 1, 2014.
At the Multi Commodity Exchange, gold for delivery in June eased by Rs 202, or 0.71%, to Rs 28,303 per 10 grams in a business turnover of 21 lots.
Likewise, the metal for delivery in August shed Rs 149, or 0.53%, to Rs 27,851 per 10 gm in 1,015 lots.
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Analysts said a weak trend in the overseas markets as investors assessed prospects for further cuts to the US Federal Reserve's stimulus programme amid signs of recovery in the world's largest economy, put pressure on the gold prices at futures trade here.
Globally, gold fell one% to USD 1,282 an ounce in Singapore today, the lowest since April 1, 2014.