NEW DELHI, Sept 25: Gold prices fell marginally by 0.20 per cent to Rs 26,672 per ten grams in futures trade today as speculators trimmed their positions, taking weak cues from the global markets.
At the Multi Commodity Exchange, gold for delivery in far-month December contracts shed Rs 54, or 0.20 per cent, to Rs 26,672 per ten grams in business turnover of 24 lots.
In a similar fashion, the metal for delivery in October fell by Rs 46, or 0.17 per cent, to Rs 26,503 per ten grams in 394 lots.
Analysts said the fall in the yellow metal’s prices at futures trade was mostly in tandem with a weak trend overseas as US economic data that beat estimates boosted expectations for higher borrowing costs, strengthening the dollar and damping demand for a store of value.
Globally, gold declined by 0.40 per cent to USD 1,212.66 an ounce in Singapore. (PTI)
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