Zee Media Bureau
New Delhi: Gold prices moved southwards by Rs 179 to below Rs 27,000 per ten grams in futures trade Tuesday after participants off-loaded positions, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in June eased by Rs 193 to Rs 26,903 per 10 gm.
Market analysts said a weak trend in the overseas markets on signs that physical purchases may be slowing after prices climbed to the highest since April 15, mainly put pressure on gold futures here.
Globally, gold fell 0.7 percent to USD 1,459.60 an ounce in Singapore today.
With PTI Inputs
First Published: Tuesday, May 7, 2013, 11:02