Gold futures fall 0.13% on global cues

Gold prices fell by 0.13 per cent to Rs 26,993 per ten grams in futures trade today as speculators indulged in trimming positions in tandem with a weak global trend.
At the Multi Commodity Exchange, gold for delivery in August fell by Rs 26, or 0.13 per cent, to Rs 26,993 per ten grams in a business turnover of 1,236 lots.
Also, the metal for delivery in far-month October lost Rs 16, or 0.06 per cent, to Rs 27,250 per 10 grams in a business turnover of just five lots.
Analysts attributed the fall in gold futures to trimming of positions by speculators in tandem with a weak global trend before two key meetings: a policy update from the US Federal Reserve and a gathering of euro-area finance ministers to discuss Greece's intensifying debt crisis.

Besides, weakness in the precious metal at the domestic physical markets due to slackened demand from jewellers too weighed on prices, they said.
In the national capital, gold prices were down by Rs 15 to Rs 27,165 per ten gram.
Meanwhile, gold fell 0.3 per cent to USD 1,182.87 an ounce in London in early trade today.