Gold futures decline to Rs 26,981 per 10 gm…


Gold prices fell Rs. 180 to Rs. 26,981 per ten grams at the futures trade today as speculators trimmed positions amid a weak global trend.

On the Multi Commodity Exchange, gold for delivery in February fell Rs. 180 or 0.66 per cent to Rs. 26,981 per 10 grams in a business turnover of 1,823 lots.

Similarly, the metal for delivery in April declined by Rs. 168 or 0.61 per cent to Rs. 27,220 per 10 grams in 57 lots. Analysts attributed the fall in gold futures to a weak global trend as oil prices recovered before a US jobs report that will provide clues on the outlook for interest rates.

Meanwhile, gold fell 0.5 per cent to $1,204.97 an ounce in Singapore.

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