 "Gold down 0.9% on weak global cues")
Gold futures prices today fell by 0.92% to Rs 29,638 per 10 grams as speculators offloaded their positions in tandem with a weak global trend.
At the Multi Commodity Exchange, gold prices for delivery in October fell Rs 274, or 0.92%, to Rs 29,638, per 10 grams in business turnover of 1,658 lots.
On similar lines, metal prices for delivery in far-month December eased by Rs 217, or 0.73%, to Rs 29,594 per ten grams in 225 lots.
Meanwhile, gold prices fell 0.90% to $1,313.69 an ounce in Singapore today.
At the Multi Commodity Exchange, gold prices for delivery in October fell Rs 274, or 0.92%, to Rs 29,638, per 10 grams in business turnover of 1,658 lots.
On similar lines, metal prices for delivery in far-month December eased by Rs 217, or 0.73%, to Rs 29,594 per ten grams in 225 lots.
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Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas as investors weighed the outlook for stimulus in the US after a Federal Reserve policy maker said a small taper may occur next month.
Meanwhile, gold prices fell 0.90% to $1,313.69 an ounce in Singapore today.