Gold futures down on weak global cues

New Delhi: Gold prices fell 0.09 per cent to Rs 26,911 per 10 grams in futures trade on Septembe 26 as participants reduced their positions even as the precious metal rose overseas. At the Multi Commodity Exchange, gold for delivery in October contracts eased by Rs 24, or 0.09 per cent, to Rs 26,911 per 10 grams in business turnover of 449 lots.

Likewise, the metal for delivery in far-month December shed Rs 21, or 0.08 per cent, to Rs 27,051 per 10 grams in 62 lots. Market analysts said trimming of position by speculators mainly put pressure on gold prices at futures trade here but a firming trend in precious metals in global market,limited the losses. Globally, gold rose 0.40 per cent, to USD 1,226.90 an ounce in Singapore.