Gold futures falls by 0.5% on global cues
Speculators indulged in trimming positions tracking a weak global trend
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Tracking a weak global trend, gold prices were down by Rs 128 to Rs 26,085 per 10 grams in futures market today as speculators indulged in trimming positions.
At the Multi Commodity Exchange, gold for delivery in August fell Rs 128, or 0.49%, to Rs 26,085 per 10 grams in a business turnover of 348 lots.
Similarly, the yellow metal for delivery in far-month October lost Rs 105, or 0.40%, to Rs 26,354 per 10 grams in 19 lots.
Market analysts said the fall in gold futures was mostly due to a weakening trend in the global market.
Meanwhile, gold eased to $1,157.79 an ounce in Singapore from $1,158.33 a day earlier.
At the Multi Commodity Exchange, gold for delivery in August fell Rs 128, or 0.49%, to Rs 26,085 per 10 grams in a business turnover of 348 lots.
Similarly, the yellow metal for delivery in far-month October lost Rs 105, or 0.40%, to Rs 26,354 per 10 grams in 19 lots.
Market analysts said the fall in gold futures was mostly due to a weakening trend in the global market.
Meanwhile, gold eased to $1,157.79 an ounce in Singapore from $1,158.33 a day earlier.
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First Published: Jul 09 2015 | 11:28 AM IST