 "Gold falls by 0.2% on weak global cues")
Gold futures fell 0.23% to Rs 26,897 per 10 grams today as speculators locked-in gains amid a weak global trend.
At the Multi Commodity Exchange, gold for delivery in December fell by Rs 61, or 0.23%, to Rs 26,897 per 10 grams in a business turnover of 13 lots.
On similar lines, the metal for delivery in February next year declined by Rs 41, or 0.15%, to Rs 27,044 per 10 grams in 13 lots.
Meanwhile, gold prices fell to %1,222.37 an ounce in Singapore from %1,224.33 yesterday.
At the Multi Commodity Exchange, gold for delivery in December fell by Rs 61, or 0.23%, to Rs 26,897 per 10 grams in a business turnover of 13 lots.
On similar lines, the metal for delivery in February next year declined by Rs 41, or 0.15%, to Rs 27,044 per 10 grams in 13 lots.
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Market analysts said the fall in gold futures was mostly due to profit-booking by speculators and a weak trend overseas.
Meanwhile, gold prices fell to %1,222.37 an ounce in Singapore from %1,224.33 yesterday.