Gold futures slump on weak global cues

New Delhi, Feb 20 () Gold prices on Thursday fell by Rs 28 to Rs 41,558 per 10 gram in futures trade as participants cut down their positions tracking weak trend overseas.

On the Multi Commodity Exchange, gold prices for April delivery fell by Rs 28, or 0.07 per cent, to Rs 41,558 per 10 gram in a business turnover of 3,339 lots.

The yellow metal for June delivery declined by Rs 73, or 0.17 per cent, to Rs 41,705 per 10 gram in 144 lots.

Analysts said subdued overseas cues influenced sentiments here.

Globally, gold was trading 0.12 per cent lower at USD 1,609.80 per ounce in New York. VHP SHWSHW

(This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.)

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