 "Gold futures fall 0.7% on weak global cues")
Gold prices fell by 0.74% to Rs 26,314 per 10 grams in futures trade today as speculators reduced their exposures amid a weak trend overseas on stronger dollar.
At the Multi Commodity Exchange, gold for delivery in December fell sharply by Rs 195, or 0.74%, to Rs 26,314 per 10 grams in a business turnover of just one lot.
Likewise, the metal for delivery in February next year eased by Rs 172, or 0.65%, to Rs 26,767 per 10 grams in 197 lots.
Globally, gold fell by 0.70% to $1,203.45 an ounce in Singapore today.
Meanwhile, the metal rallied yesterday to $1,221.43, the highest level since October 30, climbing from a three-week low of $1,142.88 as some investors ended bets on lower prices.
At the Multi Commodity Exchange, gold for delivery in December fell sharply by Rs 195, or 0.74%, to Rs 26,314 per 10 grams in a business turnover of just one lot.
Likewise, the metal for delivery in February next year eased by Rs 172, or 0.65%, to Rs 26,767 per 10 grams in 197 lots.
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Market analysts said a weak trend in overseas markets where the precious metal retreated from five-week high on outlook for stronger dollar mainly weighed on gold prices at futures trade here.
Globally, gold fell by 0.70% to $1,203.45 an ounce in Singapore today.
Meanwhile, the metal rallied yesterday to $1,221.43, the highest level since October 30, climbing from a three-week low of $1,142.88 as some investors ended bets on lower prices.