Gold futures down 0.10% on weak global cues, profit-booking
NEW DELHI: Gold prices fell 0.10 per cent to Rs 27,641 per 10 grams in futures trade today amid a weak trend overseas and profit-booking by speculators.
At the Multi Commodity Exchange, gold for delivery in August eased by Rs 27, or 0.10 per cent, to Rs 27,641 per 10 grams in a business turnover of 287 lots.
Likewise, the metal for delivery in far-month October shed Rs 24, or 0.09 per cent, to Rs 27,725 per 10 grams in 8 lots.
Analysts said besides a weak trend in the overseas markets on signs that a rally to a two-month high dampened physical and investment demand, profit-booking by speculators put pressure on gold prices at futures trade here.
Globally, gold lost 0.40 per cent to $1,310.19 an ounce in Singapore today.