Gold down Rs 70 in futures trade on weak global cues

Gold costs drifted decrease through Rs 70 to Rs 28,741 per 10 gram in futures alternate today as individuals lightened their positions, generally in tandem with a weak pattern out of the country.

In futures trading, gold for supply in June was trading Rs 70 or 0.24 per cent down at Rs 28,741 per 10 gram on the Multi Commodity alternate with a business turnover of 241 rather a lot.

The metal for delivery in some distance-month August too fell with the aid of Rs 53 or 0.18 per cent to Rs 28,909 per 10 gram in 29 quite a bit.

Analysts mentioned a susceptible pattern within the in a foreign country markets where the precious steel dropped as investors shrugged off heightened political possibility following a terror attack in the UK, weighed on gold futures.

Globally, gold misplaced 0.77 per cent to USD 1,250.70 an ounce in new york.

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