NEW DELHI, Sept 30: Taking cues from overseas markets, gold futures prices today fell Rs 130 to Rs 26,360 per 10 gram as speculators offloaded their positions.
At the Multi Commodity Exchange, gold prices for delivery in far-month December shed Rs 130, or 0.49 per cent, to Rs 26,360 per 10 gm in business turnover of 405 lots.
Also, metal prices for delivery in October declined by Rs 105, or 0.40 per cent, to Rs 26,138 per ten gram in 796 lots.
Analysts said the fall in gold futures was attributed to trimming of positions by speculators, tracking with trend overseas where the precious metal dropped for the fourth day after consumer confidence in the US unexpectedly rose in September, building the case for an interest rate increase this year, influenced sentiments at futures trade here.
Meanwhile, gold traded 0.2 per cent at USD 1,125.67 an ounce in Singapore. (PTI)
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