Gold futures down 0.20 per cent on weak global cues

Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.20 per cent to Rs 26,815 per 10 grams in futures trade today.

At the Multi Commodity Exchange, gold for delivery in June eased by Rs 53, or 0.20 per cent, to Rs 26,815 per 10 grams in a business turnover of 239 lots.

On similar lines, the metal for delivery in far-month August shed Rs 49, or 0.18 per cent, to Rs 27,000 per 10 grams in four lots.

Globally, gold traded 0.1 per cent lower at USD 1,187.04 an ounce in Singapore today.

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Posted in: Indian Market Tips