Weak global cues hurt gold futures 0.31%

Gold fell 0.31 per cent to Rs 25,989 per ten gram in futures trade today as participants trimmed their positions, tracking a weak trend overseas.
At Multi Commodity Exchange, gold for delivery in October declined by Rs 81, or 0.31 per cent to Rs 25,989 per ten grams in business turnover of 5,235 lots.
Likewise, the yellow metal for delivery in December was trading down by Rs 70, or 0.27 per cent to Rs 26,180 per ten gram in 117 lots.
Analysts attributed the fall in futures to a weakening trend in the overseas markets where gold traded at over one-month low before a key Federal Reserve decision on monetary policy, mainly influenced gold prices at futures trade.

Meanwhile, gold retreated 0.2 per cent to USD 1,106.65 an ounce in Singapore.