Zee Media Bureau
Gold prices fell by Rs 55 to Rs 26,776 per 10 grams in futures trade Tuesday as speculators offloaded their positions to book profits amid a weak global trend.
At the Multi Commodity Exchange, gold prices for delivery in far-month October fell Rs 61, or 0.23 percent, to Rs 26,834 per 10 grams in business turnover of seven lots.
Similarly, metal prices for delivery in August declined by Rs 55, or 0.20 percent, to Rs 26,776 per ten grams in 181 lots.
Market analysts said the fall in gold futures was mostly attributed to profit-booking by speculators and a weak trend overseas before the US Federal Reserve begins a two-day policy meeting today.
Meanwhile, gold prices fell 0.4 percent to USD 1,267.51 an ounce in Singapore.
With agency inputs
