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Gold prices slipped by Rs 104 to Rs 25,930 per ten grams in futures trade today as speculators trimmed their positions, taking negative cues from overseas markets.
At the Multi Commodity Exchange, gold for delivery in August declined by Rs 104, or 0.40% to Rs 25,930 per ten grams in business turnover of 4732 lots.
Likewise, gold for October contract traded lower by Rs 92, or 0.35% to Rs 26041 per ten grams in 139 lots.
Market analysts attributed the fall in gold futures to a weak global trend as better-than-expected US jobs data lifted the dollar to the highest level since July 2010 and increased speculation that the US Federal Reserve will scale back stimulus.
Meanwhile, gold fell by 0.6% to $1,215.89 an ounce in Singapore.
