Gold prices decline 0.91 pc in futures trade

NEW DELHI, Nov 11:  Gold prices today fell by 0.91 per cent to Rs 25,498 per ten grams in futures trade in line with weak overseas trends.
Gold prices fell by Rs 235, or 0.91 per cent, to trade at Rs 25,498 per 10 grams for delivery in December contracts at the Multi Commodity Exchange in 851 lots.
The far-month February next year contracts of gold dropped by Rs 219, or 0.84 per cent, to Rs 25,717 per 10 gram in 29 lots.
Analysts said weakness in the overseas markets, where gold dipped to over four-year as investment demand waned amidst surging dollar, put pressure on the precious metal prices at futures trade.
Globally, gold traded at USD 1,149.30 an ounce in Singapore from USD 1,151.47 in yesterday’s trade. (PTI)