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Gold futures down on weak global cues

Gold prices were marginally down by 0.20 per cent to Rs 27,270 per 10 grams in futures trading today…

Gold prices were marginally down by 0.20 per cent to Rs 27,270 per 10 grams in futures trading today after participants offloaded partial positions amid weak cues from global markets.

At the Multi Commodity Exchange, gold for delivery in far-month April contracts declined by Rs 54, or 0.20 per cent, to Rs 27,270 per 10 grams in a business turnover of five lots.

Also, the metal for delivery in February next year shed Rs 50, or 0.18 per cent, to Rs 27,141 per 10 grams in 1,232 lots.

Market analysts said trimming of positions by speculators tracking a weak trend in overseas markets mainly put pressure on the precious metal at futures trade here.

Globally, gold traded 0.18 per cent lower at USD 1,223.90 an ounce in Singapore today.

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First published on: 11-12-2014 at 14:10 IST
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