Gold futures extend losses, fall 0.2% on weak global cues
Speculators engaged in reducing their positions amid a weakening global trend
)
Amid a weakening global trend and subdued demand at spot market, gold prices eased further by 0.21% to Rs 26,618 per 10 grams in futures trade today as speculators engaged in reducing their positions.
At the Multi Commodity Exchange, gold for delivery in far -month December fell by Rs 57, or 0.21% to Rs 26,618 per ten gram in business turnover of 102 lots.
Similarly, the yellow metal for delivery in October contracts shed Rs 41, or 0.15% at Rs 26,430 in 1,095 lots.
Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas and sluggish in the spot market.
Meanwhile, gold fell 0.2% to $1,123.19 an ounce in Singapore.
At the Multi Commodity Exchange, gold for delivery in far -month December fell by Rs 57, or 0.21% to Rs 26,618 per ten gram in business turnover of 102 lots.
Similarly, the yellow metal for delivery in October contracts shed Rs 41, or 0.15% at Rs 26,430 in 1,095 lots.
Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas and sluggish in the spot market.
Meanwhile, gold fell 0.2% to $1,123.19 an ounce in Singapore.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Aug 27 2015 | 11:13 AM IST