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Gold futures down on Asian cues

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Press Trust of India New Delhi

Tracking a weak trend overseas, gold futures prices fell by 0.40% to Rs 27,050 per 10 grams today.

At the Multi Commodity Exchange, for February ddelivery gold fell by Rs 108, or 0.40%, to Rs 27,050 per 10 grams, with a business turnover of 98 lots.

Similarly, the metal for delivery in December edged lower by Rs 98, or 0.36%, to Rs 26,789 per 10 grams, with a trade volume of 3,156 lots.

Market analysts said off-loading of positions by speculators, taking weak cues from Asian trade, mainly kept pressure on the gold prices at futures trade here.

Meanwhile, gold fell by 0.05% to $1,678.90 an ounce in Singapore.

 

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First Published: Oct 17 2011 | 3:05 PM IST

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