Futures Back In Red On Weak Global Cues

Gold futures declined Rs127 to Rs78,200 per 10 grams in futures trade amid weak global cues. Silver futures fell Rs274 to Rs96,758 per kilogram as participants reduced their bets. On Multi Commodity Exchange (MCX), gold contracts for December delivery traded lower by Rs127 or 0.16 per cent at Rs78,200 per 10 grams in a business turnover of 14,638 lots. Analysts attributed the fall in gold prices to weak global cues. Globally, gold futures decreased 0.15 per cent to $2,732.08 per ounce in New York.