Gold futures extend losses, down by 0.21 per cent on weak global cues
27 Aug 2015 11:50 AM GMT
Gold prices ease to Rs 26,618 per 10 grams in futures trade
It slipped almost 12 per cent in the past year on expectations of higher US borrowing (Representational Image)
New Delhi: Amid a weakening global trend and subdued demand at spot market, gold prices eased further by 0.21 per cent to Rs 26,618 per 10 grams in futures trade, as speculators engaged in reducing their positions. At the Multi Commodity Exchange, gold for delivery in December fell by Rs 57, or 0.21 per cent to Rs 26,618 per ten gram in business turnover of 102 lots.
Similarly, the yellow metal for delivery in October contracts 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 in the spot market. Meanwhile, gold fell 0.2 per cent to USD 1,123.19 an ounce in Singapore.
( Source : PTI )
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