Gold futures slide 0.21% on weak global trend
New Delhi-India (Jun 4) Gold futures weakened 0.21 per cent to Rs 26,751 per 10 gram today as speculators trimmed positions, tracking a weak global trend.
At Multi Commodity Exchange, gold for delivery in June declined Rs 57, or 0.21 per cent, to Rs 26,751 per 10 grams in business turnover of 17 lots.
Likewise, the metal for delivery in August contracts shed Rs 28, or 0.10 per cent, to Rs 27,050 per 10 grams in 1,970 lots.
Analysts attributed the decline in gold futures to a weak global trend before the release on monthly data on US emplyoyment that will offer clues on the outlook for borrowing costs in th world's largest economy.