 "Gold futures down 0.4% on global cues")
Gold futures fell by 0.41% to Rs 26,029 per 10 grams today as participants indulged in reducing exposures, largely in tandem with global trend.
At the Multi Commodity Exchange, gold for delivery in December, fell by Rs 106, or 0.41%, to trade at Rs 26,029 per 10 grams in a turnover of 862 lots.
Similarly, the metal for delivery in February next year shed Rs 114, or 0.40%, to Rs 26,210 per 10 grams in 23 lots.
Analysts said a weakening trend overseas after the US Federal Reserve ended asset purchases, weighed on gold prices in futures trade.
At the Multi Commodity Exchange, gold for delivery in December, fell by Rs 106, or 0.41%, to trade at Rs 26,029 per 10 grams in a turnover of 862 lots.
Similarly, the metal for delivery in February next year shed Rs 114, or 0.40%, to Rs 26,210 per 10 grams in 23 lots.
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Globally, gold lost over 1.00% to $1,161.35 an ounce, the lowest level since July 2010 in Singapore.
Analysts said a weakening trend overseas after the US Federal Reserve ended asset purchases, weighed on gold prices in futures trade.