Gold futures down on weak global cues

Globally, gold traded at USD 1,192.21 an ounce in Singapore from USD 1,193.94 yesterday


At the Multi Commodity Exchange, gold for delivery in June contracts eased by Rs 67, or 0.25 percent, to Rs 27,100 per 10 gram in business turnover of 366 lots.

Likewise, the metal for delivery in far-month August shed Rs 65, or 0.24 percent, to Rs 27,346 per 10 gram in nine lots.

Market analysts said a weak trend in the overseas markets, kept pressure on gold prices in futures trade here.

Globally, gold traded at USD 1,192.21 an ounce in Singapore from USD 1,193.94 yesterday.

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