Gold falls to Rs 28,693 per 10 grams in trade

New Delhi:  Amid a weakening global trend,gold futures fell Rs 121 to Rs 28,693 per 10 grams today as participants trimmed their positions. Gold for delivery in June was trading Rs 121, or 0.42 per cent lower, at Rs 28,693 per 10 grams, in a business turnover of 632 lots at the Multi Commodity Exchange.

On similar lines, the metal for delivery in August shed Rs 108, or 0.37 per cent, to Rs 28,815 per 10 grams in one lot.

Marketmen said the fall in gold futures was mostly in tune with a weak trend overseas as investors favoured riskier assets on expectations that Emmanuel Macron will become France’s next president. Meanwhile, gold prices in global market sank 0.94 per cent to end at USD 1,264 an ounce in New York yesterday.