Gold Futures Fall on Weak Global Cues

However, token buying by retailers in the spot markets on the auspicious occasion of "Akshaya Tritiya" day limited the losses.

At the Multi Commodity Exchange, gold for delivery in June month contracts shed Rs 40, or 0.15 per cent, to Rs 26,797 per ten grams in business turnover of 1,742 lots.

Also, the precious metal for delivery in far-month August fell by Rs 28, or 0.32 per cent, to Rs 26,984 per ten grams in 32 lots.

At the spot markets, gold traded lower at Rs 27,200 per ten grams in opening trade at Chennai.

Analysts said the fall in yellow metal prices at futures trade was mostly in tandem with a weak trend overseas but token buying by retailers at spot markets on account of Akshaya Tritiya, considered to be most auspicious day for buying gold and silver, restricted the fall.

Meanwhile, gold declined by 0.18 per cent to $1,193.70 an ounce in Singapore