Gold futures turn weak on global cues

New Delhi: Gold futures fell 0.13 per cent to Rs 27,100 per 10 grams today as participants started reducing exposures, largely in tandem with the global trend. At Multi Commodity Exchange, gold for delivery in August fell Rs 35, or 0.13 per cent, to trade at Rs 27,100 per 10 grams in a turnover of just one lot. Also, the metal for delivery in June fell Rs 18, or 0.07 per cent, to Rs 26,893 per 10 grams in 201 lots.

Globally, gold lost as much as 0.5 per cent to USD 1,186.84 an ounce in Singapore. Analysts said a weakening trend overseas before monthly US employment data put pressure on gold prices in futures trade here.