Gold futures fall 0.4% on weak global cues
Gold for delivery in October lost 0.45%
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Gold prices fell by 0.45% to Rs 26,178 per ten grams in futures trading today as speculators trimmed their positions taking negative cues from overseas markets.
At the Multi Commodity Exchange, gold for delivery in August fell by Rs 178, or 0.45% to Rs 26,178 per ten grams in business turnover of 9,167 lots.
In a similar fashion, gold for delivery in October lost Rs 119, or 0.45% to Rs 26,296 per ten grams in 184 lots.
Market analysts said a weak trend in the global markets on speculation a political rift in Portugal would be resolved today, mainly put pressure on gold futures here.
Meanwhile, gold fell 0.2% to $1,250.37 an ounce in London.
At the Multi Commodity Exchange, gold for delivery in August fell by Rs 178, or 0.45% to Rs 26,178 per ten grams in business turnover of 9,167 lots.
In a similar fashion, gold for delivery in October lost Rs 119, or 0.45% to Rs 26,296 per ten grams in 184 lots.
Market analysts said a weak trend in the global markets on speculation a political rift in Portugal would be resolved today, mainly put pressure on gold futures here.
Meanwhile, gold fell 0.2% to $1,250.37 an ounce in London.
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First Published: Jul 04 2013 | 5:48 PM IST