NEW DELHI, Sept 18: Gold futures fell by 0.64 per cent to Rs 26,729 per 10 grams today as participants indulged in reducing exposures, largely in tandem with a global trend.
At the Multi Commodity Exchange, gold for delivery in October fell by Rs 172, or 0.64 per cent, to trade at Rs 26,729 per 10 grams in a turnover of 343 lots.
Also, the metal for delivery in far-month December fell by Rs 167, or 0.62 per cent, to Rs 26,960 per 10 grams in 8 lots.
Globally, gold lost as much as 0.60 per cent to USD 1,216.30 an ounce in Singapore, the lowest sicne January 2.
Analysts said a weakening trend overseas after the US Federal Reserve increased its interest-rate projections, spurring gains in the dollar that reduced demand for the precious metals, put pressure on gold prices at futures trade here. (PTI)
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