 "Gold futures drop 0.7% on weak global cues")
Amid a weakening global trend, gold futures traded lower by Rs 186 at Rs 27,262 per 10 gm today as speculators trimmed their positions.
Gold for delivery in October dropped Rs 186 or 0.68% to Rs 27,262 per 10 gm in a business turnover of 277 lots at the Multi Commodity Exchange.
In a similar fashion, the metal for delivery in far-month December was trading down Rs 187, or 0.68% to Rs 27,667 per 10 gm in one lot.
Meanwhile, gold prices fell 0.47% to $1,154.90 an ounce in New York yesterday.
Gold for delivery in October dropped Rs 186 or 0.68% to Rs 27,262 per 10 gm in a business turnover of 277 lots at the Multi Commodity Exchange.
In a similar fashion, the metal for delivery in far-month December was trading down Rs 187, or 0.68% to Rs 27,667 per 10 gm in one lot.
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Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas and profit-booking by speculators at prevailing levels.
Meanwhile, gold prices fell 0.47% to $1,154.90 an ounce in New York yesterday.