Gold futures slide on weak global cues

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