Gold futures slip to Rs. 26,903 per 10 gm

Mumbai-India (Jun 17)  Gold prices fell Rs. 53 to Rs. 26,903 per 10 grams at the futures trade amid a weak global trend. On the Multi Commodity Exchange, gold for delivery in August fell Rs. 53 or 0.2 per cent to Rs. 26,903 per 10 grams in a business turnover of 126 lots.

Analysts attributed the fall in gold futures to a weak global trend as investors awaited the outcome of a Federal Reserve meeting this week and a gathering of European finance ministers who will discuss the debt crisis in Greece.

Gold fell 0.2 per cent to $1,180.35 an ounce in Singapore.

Source: TheHindu