 "Gold down 0.2% on weak global cues; low spot demand")
Gold prices fell 0.20% to Rs 28,109 per 10 gram in futures trade today as participants reduced their positions largely with a weak trend overseas amidst fall in demand from jewellers at domestic markets.
At the Multi Commodity Exchange, gold for delivery in far-month April contracts eased by Rs 56, or 0.20%, to Rs 28,109 per 10 gram in business turnover of 21 lots.
Likewise, the metal for delivery in February shed Rs 51, or 0.18%, to Rs 27,985 per 10 gram in 680 lots.
Meanwhile, gold retreated from five-month highs by falling Rs 150 to Rs 28,350 per ten gram in the national capital in yesterday's trade.
Globally, gold fell by 0.41%, to USD 1,296.80 an ounce in Singapore from $1,302.25 yesterday.
At the Multi Commodity Exchange, gold for delivery in far-month April contracts eased by Rs 56, or 0.20%, to Rs 28,109 per 10 gram in business turnover of 21 lots.
Likewise, the metal for delivery in February shed Rs 51, or 0.18%, to Rs 27,985 per 10 gram in 680 lots.
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Market analysts said there is a weakening trend in the overseas markets and pressuring the gold prices in futures trade here.
Meanwhile, gold retreated from five-month highs by falling Rs 150 to Rs 28,350 per ten gram in the national capital in yesterday's trade.
Globally, gold fell by 0.41%, to USD 1,296.80 an ounce in Singapore from $1,302.25 yesterday.
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