Gold futures down on weak global cues, profit-booking

New Delhi: Gold prices fell by 0.25 per cent to Rs 26,200 per 10 grams in futures trade on March 23 amidst a weak trend overseas and profit-booking by speculators. At the Multi Commodity Exchange, gold for delivery in June eased by Rs 65, or 0.25 per cent, to Rs 26,200 per 10 grams in a business turnover of 24 lots. Likewise, the metal for delivery in April shed Rs 62, or 0.24 per cent, to Rs 26,120 per 10 grams in 606 lots.

Analysts said a weak trend in overseas markets and profit-booking by speculators weighed on the precious metal prices at futures trade here. Globally, gold traded lower at USD 1,182.30 an ounce in Singapore on March 23.