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Gold prices fell Rs 46 to Rs 26,365 per 10 grams at the futures trade today as participants reduced their positions, largely in line with a weak trend overseas.
On the Multi Commodity Exchange, gold for delivery in August was trading lower by Rs 46 or 0.17 per cent at Rs 26,365 per 10 grams in a business turnover of 131 lots.
Also, the metal for delivery in October shed Rs 34 or 0.13 per cent to Rs 26,616 per 10 grams in 8 lots.
Analysts said there is a weakening trend in the overseas market, where gold retreated before a US employment report that’s expected to provide further clues on the timing of Fed’s rate increase, which weighed on the precious metal at the futures trade here.
Globally, the yellow metal fell 0.1 per cent to $1,167.95 an ounce in Singapore.
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