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Gold futures retreat 0.51%, in line with global trend

Speculators offload positions as metal trades lower in Singapore

Press Trust of India  |  New Delhi 

Gold prices declined 0.51 per cent to Rs 27,023 per 10 grams in futures trade today as speculators offloaded positions amid a weak global trend.

Gold prices for delivery in June fell by Rs 138, or 0.51 per cent, to Rs 27,023 per 10 grams in business turnover of 3,439 lots in futures trading at the Multi Commodity Exchange.

August gold traded lower by Rs 124, or 0.45 per cent, to Rs 27,275 per 10 gram in 417 lots.

Market analysts attributed the fall to a weak global trend.

Meanwhile, gold traded lower at $1,205.59 an ounce in Singapore.

First Published: Tue, May 26 2015. 13:07 IST