Gold futures fall on weak global cues

New Delhi, Jun 5 (PTI) Gold futures on Friday fell 0.58 per cent to Rs 46,423 per 10 gram as participants offloaded their holdings following weak trend overseas.

On the Multi Commodity Exchange, gold prices for August delivery fell by Rs 273, or 0.58 per cent, to Rs 46,423 per 10 gram in a business turnover of 14,382 lots.

The yellow metal for October delivery declined by Rs 267, or 0.57 per cent, to Rs 46,547 per 10 gram in 5,399 lots.

In New York, gold was trading 0.62 per cent down at USD 1,716.70 per ounce. PTI RUJ ANS ANS