NEW DELHI, Apr 1: Gold futures prices today shed 0.26 per cent to Rs 28,073 per ten grams as participants indulged in offloading their positions after the metal dropped to a seven-week low in global markets.
Gold prices fell by Rs 73, or 0.26 per cent, to trade at Rs 28,073 per 10 gram for delivery in far-month June contracts at the Multi Commodity Exchange. It clocked a turnover of 405 lots.
Similarly, the metal for delivery in April shed Rs 15, or 0.05 per cent, to Rs 28,521 per 10 gram in 135 lots.
Market analysts said sustained weakness in the overseas markets where gold fell to its lowest price in seven-week after holdings in the largest exchange-traded product shrank the most in five weeks, put pressure on the precious metal prices here.
Globally, gold lost 0.50 per cent to USD 1,278.20 an ounce, the lowest since February in Singapore. (PTI)
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