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Gold futures prices today shed 0.56 per cent to Rs 26,420 per 10 grams as participants offloaded their positions after the metal rates dropped in global markets.
Gold prices for delivery in April fell Rs 149 or 0.56 per cent to trade at Rs 26,420 per 10 gram on the Multi Commodity Exchange. It clocked a turnover of 176 lots.
Similarly, the metal for delivery in June fell Rs 136 or 0.51 per cent to Rs 26,695 per 10 gram in 95 lots.
Market analysts said weakness in gold in the overseas markets, after Federal Reserve signalled that interest rates will rise this year in the world’s biggest economy, boosting dollar, put pressure on the precious metal prices here.
Globally, gold lost 0.5 per cent to $1,192.50 an ounce in Singapore.
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