Gold slips in futures trade on global cues

Mumbai: Gold prices fell by Rs 50 to Rs 25,958 per 10 grams in futures trade amid a weak global   trend. At Multi Commodity Exchange, gold for October contacts   fell by Rs 50, or 0.19 per cent, to Rs 25,958 per 10 grams in  a business turnover of 354 lots. On similar lines, the precious metal for delivery in December was trading down by Rs 43, or 0.16 per cent, to Rs 26,171 per 10 grams in 32 lots.  

Analysts attributed the fall in gold futures to a weak   global trend as investors await the release of Federal Reserve minutes which may give further clues on the timing of an interest rate increase. Globally, gold was little changed at USD 1,117.71 an ounce in Singapore.