Gold prices fall Rs 123 in futures trade on global cues

Wednesday, Jan 13, 2016,12:07 IST By metrovaartha A A A

New Delhi | Taking weak cues from global market and slackened demand from jewellers, gold prices declined by Rs 123 to Rs 25,669 per 10 grams Wednesday as participants trimmed positions. At the Multi Commodity Exchange, gold for delivery in far-month April shed Rs 123, or 0.48 per cent, to Rs 25,669 per ten grams in a business turnover of 30 lots.

In a similar fashion, the metal for delivery in February was trading lower by Rs 120, or 0.47 per cent, to Rs 25,554 per ten grams in 1,058 lots. Analysts said sustained fall in the metal’s prices at futures trade was mostly in tandem with global sell-offs.

Globally, gold fell 0.1 per cent to USD 1,085.70 an ounce in Singapore today.