Gold futures decline 0.16 pc on global cues
At the Multi Commodity Exchange, gold for delivery in August fell by Rs 44, or 0.16 per cent to Rs 28,155 per 10 grams in business turnover of 1,396 lots.
In a similar fashion, the yellow metal for delivery in October contracts shed Rs 11, or 0.04 per cent to Rs 28,100 per 10 grams in 71 lots.
Market analysts said the fall in gold futures was mostly in line with a weak trend overseas amid investors weighing the outlook for US monetary policy against increased geopolitical tensions.