Gold futures fall on global cues

Gold prices fell by Rs 141 to Rs 20,688 per 10 grams in futures trade today as speculators off-loaded their positions, triggered by a weakening global trend.

Trading sentiments turned bearish after gold declined in London as some investors sold the metal after its rally to a record and on signs the US economy is improving.
    
At the Multi Commodity Exchange, gold for delivery in April shed Rs 141, or 0.67%, to Rs 20,688 per 10 grams, with business turnover of seven lots.
    
June gold lost Rs 118, or 0.56%, to Rs 20,980, with trade volume of four lots.
    
Market analysts said position reduced by speculators amid weakening global trend mainly led to fall in gold futures prices.
    
Meanwhile, gold fell by $13.55 to $1,416.19 an ounce in London.