Gold futures decline to Rs 26,085 per 10 gm

PTI Updated - December 07, 2021 at 01:29 AM.

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Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.45 per cent to Rs 26,085 per 10 grams at the futures trade today.

On the Multi Commodity Exchange, gold for delivery in far-month June eased by Rs 117 or 0.45 per cent to Rs 26,085 per 10 grams in a business turnover of 17 lots.

Likewise, the metal for delivery in April shed Rs 87 or 0.41 per cent to Rs 25,917 per 10 gram in 363 lots.

Analysts said a weak trend in the overseas markets, where gold traded at near three-month lows as the dollar extended gains on speculation the US Federal Reserve may raise interest rates this year as the economy recovers, weighed on the precious metal prices at the futures trade here.

Globally, gold traded 0.48 per cent down at $1,161.30 an ounce in Singapore today.

Published on March 10, 2015 06:34