Gold futures slide 0.35 pc on global cues

Tracking a weak global trend, gold prices were down by 0.35 per cent to Rs 26,350 per ten gram in futures trade today as speculators off-loaded positions.
Besides, a weak trend at spot markets put pressure on the precious metal prices.
At the Multi Commodity Exchange, gold prices for delivery in far-month June fell by 93, or 0.35 per cent, to Rs 26,350 per ten gram in business turnover of 130 lots.
Likewise, the metal for delivery in April contracts traded lower by Rs 61, or 0.23 per cent to Rs 26,205 per ten gram in 5,264 lots.
Market analysts said the fall in gold futures was mostly attributed to trimming of positions by speculators, tracking a weak trend overseas.

At spot markets in the national capital, gold prices were down by Rs 85 to Rs 27,200 per ten gram
Meanwhile, gold retreated 0.2 per cent to USD 1,204.03 an ounce in London.