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Gold prices fell Rs 38 to Rs 26,472 per 10 gm at the futures trade today as participants reduced their positions largely with a weak trend overseas amid subdued demand at the domestic spot market.
On the Multi Commodity Exchange, gold for delivery in April eased by Rs 38 or 0.13 per cent to Rs 26,472 per 10 gm in a business turnover of 986 lots.
Likewise, the metal for delivery in June shed Rs 28 or 0.11 per cent to Rs 26,685 per 10 gm in 71 lots.
Market analysts said a weak trend in the overseas markets due to strong dollar reduced the metal’s appeal and put pressure on gold prices at the futures trade.
Globally, gold fell 0.9 per cent to $1,195.50 an ounce in Singapore, the lowest since February 24.
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