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Gold prices moved down by 0.67% to Rs 26,133 per 10 gm in futures trade today after participants reduced positions, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in June eased by Rs 177, or 0.67%, to Rs 26,133 per 10 gm after dipping to Rs 26,102 in business turnover of 2,426 lots.
Likewise, August contract fell Rs 175, or 0.66%, to Rs 26,267 per 10 gm after dropping to Rs 26,236 in 174 lots.
Weak trend in the overseas markets on signs that investment demand is waning as US equities rally to records and the strengthening of dollar mainly put pressure on gold futures here, analysts said.
Besides, a subdued trend on the domestic spot markets due to slackened demand weighed on prices, they said.
Globally, gold fell 0.4% to $1,387.30 an ounce, its lowest since April 19 in Singapore today.
