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Gold prices moved down by 0.24 per cent to Rs 25,760 per 10 grams at the 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 market as strengthening dollar eroded the demand for a safe haven, mainly put pressure on gold prices at the futures trade here.
Meanwhile, spot gold had fallen by Rs 90 to Rs 26,360 per 10 grams in the national capital in yesterday’s trade.
Globally, gold fell as much as 0.4 per cent to $1,157.94 an ounce in Singapore.
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