Gold futures prices fall on profit-booking

Written by PTI | New Delhi | Updated: Sep 1 2014, 17:24pm hrs
Gold prices fell 0.25 per cent to Rs 27,927 per 10 grams in futures trade today as speculators booked profits even as the metal strengthened overseas.

At the Multi Commodity Exchange of India Ltd (MCX), gold for delivery in October fell by Rs 69, or 0.25 per cent, to Rs 27,927 per 10 grams in a business turnover of 142 lots.

Likewise, the metal for delivery in far-month December shed Rs 51, or 0.18 per cent, to Rs 28,090 per 10 grams in two lots.

Analysts said profit-booking by speculators mainly weighed on gold prices at futures trade but a better trend in the overseas markets, capped the losses.

Globally, gold traded a shade higher at USD 1,287.43 an ounce Singapore today from USD 1,287.32 on August 29.