Gold futures slide on weak global trend

New Delhi: Gold prices fell 0.75 percent to Rs 25,278 per 10 grams in futures trade on Thursday as participants cut their bets amid a weak global trend.

At the Multi Commodity Exchange, gold prices for delivery in February next year fell by Rs 190, or 0.75 percent, to Rs 25,278 per 10 grams, in a business turnover of 468 lots.

Also, the metal for delivery in far-month April declined by Rs 171, or 0.67 percent, to Rs 25,437 per 10 grams in 27 lots.

Analysts attributed the fall in prices to weak trend overseas after the US Federal Reserve announced a hike in interest rates, boosting the dollar and reducing appeal of the precious metal.

Meanwhile, gold was trading 0.4 percent down at USD 1,068.50 an ounce in Singapore.