Gold futures weaken on global cues

NEW DELHI, Mar 27: Gold futures fell by 0.19 per cent to Rs 28,517 per 10 grams today as participants indulged in reducing exposures, tracking a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in April, fell by Rs 54, or 0.19 per cent, to trade at Rs 28,517 per 10 grams in a turnover of 297 lots.
Similarly, the metal for delivery in June shed Rs 19, or 0.07 per cent, to Rs 28,548 per 10 grams in 72 lots.
Globally, gold eased to almost six-week low of USD 1,304.03 an ounce in Singapore.
Analysts said a weakening trend overseas as further signs of recovery in the US boosted the case for the Federal Reserve to keep reducing stimulus, weighed on gold futures prices here. (AGENCIES)