Gold futures decline to Rs. 26,090 per 10 gm

New Delhi-India  (Aug 13) Gold fell Rs. 142 to Rs. 26,090 per 10 grams at the futures trade today amid a weak trend overseas and profit-booking by speculators.

On the Multi Commodity Exchange, gold for delivery in December eased by Rs. 142 or 0.54 per cent to Rs. 26,090 per 10 grams in a business turnover of nine lots.

Likewise, the metal for delivery in October shed Rs. 135 or 0.52 per cent to Rs. 25,879 per 10 grams in 451 lots.

Analysts said besides a weak trend in the overseas markets, profit-booking by participants put pressure on gold prices at the futures trade here.

In Singapore, gold lost 0.34 per cent to $1,121.70 an ounce today.

Source: TheHindu