Gold futures decline 0.64% on global cues
Traders trim positions as metal loses 0.4% in Singapore
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Gold prices fell by 0.64 per cent to Rs 25,797 per 10 grams in futures trading today as speculators trimmed positions amid a weak global trend.
At the Multi Commodity Exchange, gold for delivery in December declined by Rs 166, or 0.64 per cent, to Rs 25,797 per 10 grams in a business turnover of 911 lots.
February gold traded lower by Rs 150, or 0.57 per cent, to Rs 25,996 per 10 grams in 24 lots.
Analysts said offloading of positions by speculators on weak cues from the global market led to the fall in gold prices at futures trade.
Meanwhile, gold fell 0.4 per cent to $1,163.20 an ounce in Singapore.
At the Multi Commodity Exchange, gold for delivery in December declined by Rs 166, or 0.64 per cent, to Rs 25,797 per 10 grams in a business turnover of 911 lots.
February gold traded lower by Rs 150, or 0.57 per cent, to Rs 25,996 per 10 grams in 24 lots.
Analysts said offloading of positions by speculators on weak cues from the global market led to the fall in gold prices at futures trade.
Meanwhile, gold fell 0.4 per cent to $1,163.20 an ounce in Singapore.
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First Published: Nov 05 2014 | 12:06 PM IST