 "Gold down by 0.3% on global cues")
Gold prices moved down by 0.35% to Rs 26,960 per 10 gram in futures trade today as participants offloaded positions partially, taking weak cues from the global market.
Besides, profit-booking also influenced the sentiment.
At the Multi Commodity Exchange, gold for delivery in February contracts declined by Rs 95, or 0.35%, to Rs 26,960 per 10 grams in business turnover of 276 lots.
Market analysts said a weak trend in the overseas markets mainly put pressure on the precious metal prices at futures trade here.
Globally, gold fell as much as 0.5% to $1,225.16 an ounce in early trade in Singapore today.
Besides, profit-booking also influenced the sentiment.
At the Multi Commodity Exchange, gold for delivery in February contracts declined by Rs 95, or 0.35%, to Rs 26,960 per 10 grams in business turnover of 276 lots.
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Likewise, the metal for delivery in far-month April shed Rs 93, or 0.32%, to Rs 27,152 per 10 gram in one lot.
Market analysts said a weak trend in the overseas markets mainly put pressure on the precious metal prices at futures trade here.
Globally, gold fell as much as 0.5% to $1,225.16 an ounce in early trade in Singapore today.
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