Gold futures on Friday fell by 0.14 per cent on the Multi Commodity Exchange due to traders and speculators reducing their holdings
following weak global trend.
At 1140 hours on the MCX counters, June contract for gold declined by 0.14 per cent to Rs 14,472 per 10 grams. The contract recorded a business of 677 lots.
Similarly, the metal for delivery in far month August weakened by 0.13 per cent to Rs 14,471 per 10 grams in trading volume of 55 lots.
Marketmen said fresh selling by speculators in the face of weakening global trend mainly led to fall in gold prices.
They said reduced offtake in the spot market at existing higher levels also put pressure on the prices.
Meanwhile, the gold overseas markets fell to 952 dollar an ounce against 956 dollar in the US market last evening.
