Gold falls 0.23% on weak global cuesGold falls 0.23% on weak global cues

NEW DELHI: Gold futures fell 0.23 per cent to Rs 26,897 per 10 grams on Friday as speculators locked in gains amid a weak global trend.

At the Multi Commodity Exchange, Gold for delivery in December fell by Rs 61, or 0.23 per cent, to Rs 26,897 per 10 grams in a business turnover of 13 lots.

On similar lines, the metal for delivery in February next year declined by Rs 41, or 0.15 per cent, to Rs 27,044 per 10 grams in 13 lots. Market analysts said the fall in gold futures was mostly due to profit-booking by speculators and a weak trend overseas.

Meanwhile, gold prices fell to $1,222.37 an ounce in Singapore from $1,224.33 on Thursday.