 "Gold down 0.1% in futures trade")
Gold prices today fell by 0.10% to Rs 28,050 per ten gram in futures trade in line with weak overseas trends.
Gold prices fell by Rs 28, or 0.10%, to trade at Rs 28,050 per 10 grams for delivery in August at the Multi Commodity Exchange in 11 lots.
The June contract of gold dropped by Rs 21, or 0.07%, to Rs 28,506 per 10 gm in 660 lots.
Analysts said weakness in the overseas markets, where gold dipped to over two-week low on signs of an improving US economy as assets in the largest exchange-traded product sank to a 12-week low, put pressure on the precious metal prices at futures trade.
Globally, gold lost 0.30% to $1,285.96 an ounce in Singapore.
Gold prices fell by Rs 28, or 0.10%, to trade at Rs 28,050 per 10 grams for delivery in August at the Multi Commodity Exchange in 11 lots.
The June contract of gold dropped by Rs 21, or 0.07%, to Rs 28,506 per 10 gm in 660 lots.
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Gold tumbled by Rs 210 to Rs 30,040 per 10 grams at spot markets of Delhi in yesterday's trade.
Analysts said weakness in the overseas markets, where gold dipped to over two-week low on signs of an improving US economy as assets in the largest exchange-traded product sank to a 12-week low, put pressure on the precious metal prices at futures trade.
Globally, gold lost 0.30% to $1,285.96 an ounce in Singapore.
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