Gold falls by 0.1% on global cues
Participants started reducing exposures, largely in tandem with the global trend
)
<a href="http://www.shutterstock.com/pic-76071352/stock-photo-gold-jewelry-background-soft-selective-focus.html" target="_blank">Image</a> via Shutterstock
Gold futures fell 0.13% to Rs 27,100 per 10 grams today as participants started reducing exposures, largely in tandem with the global trend.
At Multi Commodity Exchange, gold for delivery in August fell Rs 35, or 0.13%, to trade at Rs 27,100 per 10 grams in a turnover of just one lot.
Also, the metal for delivery in June fell Rs 18, or 0.07%, to Rs 26,893 per 10 grams in 201 lots.
Globally, gold lost as much as 0.5% to $1,186.84 an ounce in Singapore.
Analysts said a weakening trend overseas before monthly US employment data put pressure on gold prices in futures trade here.
At Multi Commodity Exchange, gold for delivery in August fell Rs 35, or 0.13%, to trade at Rs 27,100 per 10 grams in a turnover of just one lot.
Also, the metal for delivery in June fell Rs 18, or 0.07%, to Rs 26,893 per 10 grams in 201 lots.
Globally, gold lost as much as 0.5% to $1,186.84 an ounce in Singapore.
Analysts said a weakening trend overseas before monthly US employment data put pressure on gold prices in futures trade here.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: May 07 2015 | 12:02 PM IST