Gold futures fall to Rs 26,029 on global cues

PTI Updated - November 25, 2017 at 04:55 PM.

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Gold futures fell 0.41 per cent to Rs 26,029 per 10 grams today as participants indulged in reducing their exposures, largely in tandem with global trend.

On the Multi Commodity Exchange, gold for delivery in December fell Rs 106 or 0.41 per cent to trade at Rs 26,029 per 10 grams in a turnover of 862 lots.

Similarly, the metal for delivery in February next year shed Rs 114 or 0.4 per cent to Rs 26,210 per 10 grams in 23 lots.

Globally, the yellow metal lost over 1.00 per cent to $1,161.35 an ounce, the lowest level since July 2010 in Singapore.

Analysts said a weak trend overseas after the US Federal Reserve ended asset purchases, weighed on gold prices at the futures trade.

Published on November 3, 2014 06:47