New Delhi: Gold futures fell by 0.10 per cent to Rs 26,706 per 10 grams on September 28, as participants cut bets amid a weak global trend. Besides, profit-booking by speculators weighed on gold prices. At Multi Commodity Exchange, gold for delivery in October shed Rs 28, or 0.10 per cent, to Rs 26,706 per 10 grams in a business turnover of 52 lots. Also, the metal for delivery in far-month December declined by Rs 26, or 0.10 per cent, to Rs 26,938 per 10 grams in 14 lots.
Market analysts attributed the fall in prices to weak trend overseas after the US Federal Reserve chief said the central bank is on track to raise interest rates this year, raising demand for the precious metals. Meanwhile, gold traded lower at USD 1,145.96 an ounce in Singapore as against USD 1,146.20 on Friday.
