Gold futures on the Multi Commodity Exchange were trading lower by 1.29 per cent to Rs 25,048 per 10 grams at 1.35 p.m. on Friday.
August contract opened lower at Rs 25,247 against the previous close of Rs 25,375. It made a high of Rs 25,339 and low of Rs 24,970.
In Comex, the yellow metal for August delivery was down by $11 at $1,200 a troy ounce at 1.35 p.m.
On the Multi Commodity Exchange, gold for delivery in far-month October eased by Rs 235 or 0.92 per cent to Rs 25,267 per 10 gm in a business turnover of 134 lots. Likewise, the metal for delivery in August shed Rs 217 or 0.86 per cent to Rs 25,158 per 10 gm in 2,967 lots.
Analysts said a weak trend in the overseas market, where gold dipped below $1,200 an ounce to trade at nearly three-year low on persistent worries over the US Federal Reserve’s plan to wind down its monetary stimulus, put pressure on gold prices at the futures trade here.
Globally, the yellow metal fell 0.6 per cent to $1,191.79 an ounce after touching a year low of $1,180.71 in Singapore today.