During a weak global trend, gold prices ammased lower by 0.15 per cent to Rs. 28,695 per ten grams in futures trade today as participants cut their bets.
At the Multi Commodity Exchange, gold for delivery in June fell Rs. 43 or 0.15 per cent to Rs. 28,695 per ten grams in a business turnover of 772 lots.
As per the analysts "the weakness in gold futures was mostly in tune with a subdued trend overseas as investors anticipate higher borrowing costs in the US".
Gold fell 0.13 per cent to $1,217.90 an ounce in Singapore.
