Gold futures decline on global cues
Gold prices declined by Rs 205 to Rs 27,371 per 10 grams in futures trade today as speculators offloaded their positions, tracking a weakening trend overseas.
At the Multi Commodity Exchange, April gold declined by Rs 205, or 0.74%, to Rs 27,371 per 10 grams, with an open interest for 650 lots.
The February contract lost Rs 190, or 0.70%, to Rs 27,091 per 10 grams in 8,306 lots.
Market analysts attributed the fall in gold futures prices to a weakening global trend.
Meanwhile, gold was trading $2.80 lower at $1,553.50 an ounce in the Asia region.