New Delhi: Gold prices fell by 0.16 percent to Rs 26,678 per ten grams in futures trade Tuesday as speculators indulged in trimming positions in tandem with a weak global trend.
At the Multi Commodity Exchange (MCX), gold for delivery in December fell by Rs 43, or 0.16 percent, to Rs 26,678 per ten grams in a business turnover of 409 lots.
Similarly, the metal for delivery in February 2014 contracts lost Rs 21, or 0.08 percent, to Rs 26,883 per ten grams in a business turnover of just one lot.
Analysts attributed the fall in gold futures to trimming of positions by speculators in tandem with a weak global trend as the dollar advanced towards a four-year high, reducing demand for precious metals as an alternative investment.
Meanwhile, gold fell 0.4 percent to USD 1,203.02 an ounce in Singapore in early trade today.
