Gold futures slip 0.10 per cent on weak global cues

New Delhi: Gold prices fell 0.10 per cent to Rs 28,377 per 10 grams in futures trade on Monday as participants trimmed their positions, tracking a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in October declined by Rs 29, or 0.10 per cent, to Rs 28,377 per 10 grams in business turnover of 253 lots.

Similarly, the yellow metal for delivery in December contracts traded lower by Rs 23, or 0.08 per cent, to Rs 28,425 per ten grams in one lot.

Analysts said a weakening trend in the overseas markets where gold declined, as the dollar jumped after a key report on payrolls in July showed stronger-than-expected job creation, eroding demand for the precious metals as a safe-haven, mainly influenced gold prices at futures trade here.

Meanwhile, gold fell 0.02 per cent to USD 1,258.10 an ounce in Singapore.