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Gold futures slide on weak global cues

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New Delhi, Jul 14 (PTI) Gold futures fell by 0.18 per cent to Rs 27,786 per 10 grams today as participants cut down bets to book profits amid a weak global trend. At the Multi Commodity Exchange, gold for delivery in August was trading down Rs 51, or 0.18 per cent, to Rs 27,786 per 10 grams, in a business turnover of 304 lots. Market analysts attributed the fall in prices to weak trend overseas as the dollar strengthened against a basket of major currencies and global stocks gained on upbeat data, that diminished demand for the precious metal as a safe haven. Meanwhile, gold traded 0.10 per cent lower at USD 1,216.10 an ounce in Singapore. PTI

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