<p>Tracking a weak global trend, gold prices fell by 0.57 per cent, to Rs 33,438 per 10 grams in futures market today as speculators indulged in trimming positions.<br /><br /></p>.<p>At the Multi Commodity Exchange, gold for delivery in far-month December fell by Rs 193, or 0.57 per cent, to Rs 33,438 per 10 grams in business turnover of 12 lots.<br /><br />Similarly, the yellow metal for delivery in October lost Rs 174, or 0.52 per cent, to Rs 33,476 per 10 grams in 305 lots.<br /><br />Market analysts said the fall in gold futures was mostly attributed to a weakening trend in the global market after better-than-expected US economic data backed the case for the Federal Reserve to slow stimulus.<br /><br />Besides, a weak trend at the domestic spot market due to subdued demand at prevailing levels also weighed on prices, they said.<br /><br />Meanwhile, gold in Singapore dropped 0.40 per cent to 1,402.65 dollar an ounce.</p>
<p>Tracking a weak global trend, gold prices fell by 0.57 per cent, to Rs 33,438 per 10 grams in futures market today as speculators indulged in trimming positions.<br /><br /></p>.<p>At the Multi Commodity Exchange, gold for delivery in far-month December fell by Rs 193, or 0.57 per cent, to Rs 33,438 per 10 grams in business turnover of 12 lots.<br /><br />Similarly, the yellow metal for delivery in October lost Rs 174, or 0.52 per cent, to Rs 33,476 per 10 grams in 305 lots.<br /><br />Market analysts said the fall in gold futures was mostly attributed to a weakening trend in the global market after better-than-expected US economic data backed the case for the Federal Reserve to slow stimulus.<br /><br />Besides, a weak trend at the domestic spot market due to subdued demand at prevailing levels also weighed on prices, they said.<br /><br />Meanwhile, gold in Singapore dropped 0.40 per cent to 1,402.65 dollar an ounce.</p>