 "Gold declines by 0.5% in futures trade on global cues")
Taking weak cues from global market and slackened demand from jewellers, gold prices declined by Rs 123 to Rs 25,669 per 10 grams as participants trimmed positions.
At the Multi Commodity Exchange, gold for delivery in far-month April shed Rs 123, or 0.48%, to Rs 25,669 per ten grams in a business turnover of 30 lots.
In a similar fashion, the metal for delivery in February was trading lower by Rs 120, or 0.47%, to Rs 25,554 per ten grams in 1,058 lots.
Globally, gold fell 0.1% to $1,085.70 an ounce in Singapore today.
At the Multi Commodity Exchange, gold for delivery in far-month April shed Rs 123, or 0.48%, to Rs 25,669 per ten grams in a business turnover of 30 lots.
In a similar fashion, the metal for delivery in February was trading lower by Rs 120, or 0.47%, to Rs 25,554 per ten grams in 1,058 lots.
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Analysts said sustained fall in the metal's prices at futures trade was mostly in tandem with global sell-offs.
Globally, gold fell 0.1% to $1,085.70 an ounce in Singapore today.
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