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Gold futures prices fell by 0.28 per cent to Rs 20,594 per 10 grams today as speculators indulged in reducing their positions amid a weak Asian trend as Japan’s nuclear crisis intensified.
At the Multi Commodity Exchange, gold for delivery in April fell by Rs 58 or 0.28 per cent to Rs 20,594 per 10 grams with a business volume of 834 lots.
Likewise, the metal for delivery in June declined by Rs 56 or 0.27 per cent to Rs 20,889 per 10 grams with a business turnover of 73 lots.
Analysts said weak Asian trend, with gold nearing the lowest level in a month, prompted investors to sell the precious metal to raise cash and to cover the losses in equities and other commodities, which in turn weighed on the gold futures prices here.
Meanwhile, gold traded lower by 0.9 per cent to $1,386.65 an ounce in the Asian trade.
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