Gold futures down by 0.22% on weak global cues

Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.22% to Rs 26,735 per 10 gm in futures trade today.

 

At the Multi Commodity Exchange, gold for delivery in October eased by Rs 59 or 0.22% to Rs 26,735 per 10 gm in business turnover of 84 lots.

 

Likewise, the metal for delivery in August shed Rs 51, or 0.19%, to Rs 26,626 per 10 gm in 2,202 lots.

 

Analysts said besides a weak trend in the overseas markets, profit-booking by speculators put pressure on the gold prices at futures trade here.

Globally, gold fell USD 3.70 to USD 1,281.90 an ounce in Singapore today.