New Delhi: Tracking a weak global trend, gold prices fell 0.36 per cent to Rs 26,605 per 10 grams in futures market today as speculators trimmed their positions. At the Multi Commodity Exchange, gold for delivery in December was down by Rs 95, or 0.36 per cent, to Rs 26,605 per 10 grams in a business turnover of 26 lots. Similarly, the yellow metal for delivery in October lost Rs 90, or 0.32 per cent, to Rs 26,406 per 10 grams in 354 lots.
Analysts said the fall in gold futures was mostly in line with a weakening trend in the global market where metal prices fell to an eight-month low as the outlook for higher US borrowing costs strengthened the dollar, dampening demand for a store of value. Meanwhile, gold in Singapore dropped as much as 0.60 per cent to USD 1,208.40 an ounce, the lowest price since January 2.
