Weak global cues pull gold futures down to Rs. 28,373

New Delhi-India (July 3)  Gold prices fell 0.23 per cent to Rs. 28,373 per 10 gram at the futures trade as speculators trimmed their positions, tracking a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in August declined Rs. 66 or 0.23 per cent to Rs. 28,373 per ten grams in a business turnover of 792 lots.

Similarly,the metal for delivery in far-month October traded lower by Rs. 67 or 0.23 per cent at Rs. 28,541 per ten grams in 25 lots.

Market analysts said offloading of positions by participants amid a weak trend overseas, mainly led to the fall in gold prices at the futures trade.

Globally, gold fell 0.3 per cent to $1,237.50 an ounce in Singapore.

Source: BusinessLine