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Gold falls Rs 43 in futures trade on weak global cues

Monday, Dec 7, 2015,16:56 IST By Metrovaartha A A A

New Delhi | Gold prices fell by Rs 43 to Rs 25,799 per 10 grams in futures trade today as participants trimmed their positions, largely in tune with a weak trend overseas amid profit-booking. In futures trading, gold for delivery in far-month April next year was trading Rs 43, or 0.17 per cent down, at Rs 25,799 per 10 grams at Multi Commodity Exchange with a business turnover of 4 lots.

Also, the metal for delivery in February shed Rs 29, or 0.11 per cent, to Rs 25,686 per 10 grams in 502 lots. Analysts said a weakening trend in the overseas markets where gold decline as investors weighed a US jobs report that showed both a growth in payrolls and a rise in the rate of underemployment, kept pressure on the precious metal at futures trade here. Globally, gold fell 0.3 per cent to USD 1,082.83 an ounce in Singapore.