Gold futures fall by 0.1% on weak global cues
Participants trimmed their positions, amid a weakening global trend
 "Gold futures fall by 0.1% on weak global cues")
Amid a weakening global trend, gold futures were down by Rs 37 to Rs 25,244 per 10 gram today as participants trimmed their positions.
In futures trading, gold for delivery in December traded Rs 37, or 0.15% lower at Rs 25,244 per 10 gram in a business turnover of 350 lots at the Multi Commodity Exchange.
On similar lines, the metal for delivery in far-month February next year shed Rs 33, or 0.13%, to Rs 25,390 per 10 gram in 32 lots.
Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas as expectations for an increase in US borrowing costs by the end of the year buoyed the dollar, curbing the metal's appeal.
Meanwhile, gold prices in global market retreated as much as 0.4% to $1,068.36 an ounce in Singapore today.
In futures trading, gold for delivery in December traded Rs 37, or 0.15% lower at Rs 25,244 per 10 gram in a business turnover of 350 lots at the Multi Commodity Exchange.
On similar lines, the metal for delivery in far-month February next year shed Rs 33, or 0.13%, to Rs 25,390 per 10 gram in 32 lots.
Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas as expectations for an increase in US borrowing costs by the end of the year buoyed the dollar, curbing the metal's appeal.
Meanwhile, gold prices in global market retreated as much as 0.4% to $1,068.36 an ounce in Singapore today.
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First Published: Nov 27 2015 | 11:32 AM IST