Gold futures down on weak global cues
Gold prices down by 0.25 per cent to Rs 27,100 per 10 gram
By : DC Correspondent
Update: 2015-05-13 12:41 GMT
New Delhi: Gold prices fell 0.25 per cent to Rs 27,100 per 10 gram in futures trade on May 13 after participants trimmed positions amid a weak trend overseas. At the Multi Commodity Exchange, gold for delivery in June contracts eased by Rs 67, or 0.25 per cent, to Rs 27,100 per 10 gram in business turnover of 366 lots.
Likewise, the metal for delivery in far-month August shed Rs 65, or 0.24 per cent, to Rs 27,346 per 10 gram in nine lots. Market analysts said a weak trend in the overseas markets, kept pressure on gold prices in futures trade here. Globally, gold traded at USD 1,192.21 an ounce in Singapore from USD 1,193.94 on May 12.