Gold prices moved down by 0.24 per cent to Rs 25,760 per 10 grams in futures trade today...
Gold prices moved down by 0.24 per cent to Rs 25,760 per 10 grams in futures trade today as participants engaged in offloading of positions amid a weak trend overseas as physical demand declined.
At the Multi Commodity Exchange, gold for delivery in December declined by Rs 62, or 0.24 per cent, to Rs 25,760 per 10 grams in a business turnover of 445 lots.
Likewise, the metal for delivery in February next year shed Rs 49, or 0.19 per cent, to Rs 25,951 per 10 grams in 29 lots.
Market analysts said a weak trend in the overseas markets as strengthening dollar eroded demand for a safe haven, mainly put pressure on gold prices in futures trade here.
Meanwhile, spot gold prices had lost Rs 90 to Rs 26,360 per 10 grams in the national capital in yesterday’s trade.
Globally, gold fell as much as 0.40 per cent to USD 1,157.94 an ounce in Singapore.