Gold futures fall by Rs 180 on weak global cues

Gold prices fell by Rs 180 to Rs 26,981 per ten grams in futures trading today as speculators trimmed positions amid a weak global trend.

Gold prices fell by Rs 180 to Rs 26,981 per ten grams in futures trading today as speculators trimmed positions amid a weak global trend.

At the Multi Commodity Exchange, gold for delivery in February fell by Rs 180, or 0.66 per cent, to Rs 26,981 per 10 grams in a business turnover of 1,823 lots.

Similarly, the metal for delivery in April declined by Rs 168, or 0.61 per cent, to Rs 27,220 per 10 grams in 57 lots.

Analysts attributed the fall in gold futures to weak global trends as oil prices recovered before a US jobs report that will provide clues on the outlook for interest rates.

Meanwhile, gold fell 0.5 per cent to USD 1,204.97 an ounce in Singapore.

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