Gold futures fall to Rs 26,618 on weak global cues

PTI Updated - January 23, 2018 at 02:07 PM.

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Amid a weak global trend and subdued demand at spot market, gold prices eased further by 0.21 per cent to Rs 26,618 per 10 grams at the futures trade today as speculators engaged in reducing their positions.

On the Multi Commodity Exchange, gold for delivery in far-month December fell Rs 57 or 0.21 per cent to Rs 26,618 per ten gram in a business turnover of 102 lots.

Similarly, the yellow metal for delivery in October shed Rs 41 or 0.15 per cent at Rs 26,430 in 1,095 lots.

Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas and sluggish demand in the spot market.

Meanwhile, the yellow metal fell 0.2 per cent to $1,123.19 an ounce in Singapore.

Published on August 27, 2015 06:04