 "Gold futures fall by 0.3% on weak global cues")
Gold prices fell by 0.30% to Rs 27,667 per 10 grams in futures trade today amidst a weak trend overseas and profit-booking by speculators.
At the Multi Commodity Exchange, gold for delivery in August eased by Rs 84, or 0.30%, to Rs 27,667 per 10 grams with a business volume of of 269 lots.
Likewise, the metal for delivery in October was down by Rs 67, or 0.24%, to Rs 27,770 per 10 grams in 7 lots.
Globally, gold was trading lower at $ 1,316.66 an ounce in Singapore today from $ 1,319.18 yesterday.
At the Multi Commodity Exchange, gold for delivery in August eased by Rs 84, or 0.30%, to Rs 27,667 per 10 grams with a business volume of of 269 lots.
Likewise, the metal for delivery in October was down by Rs 67, or 0.24%, to Rs 27,770 per 10 grams in 7 lots.
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Analysts said besides profit-booking by speculators, a weak trend in the overseas markets as stronger equities reduced the metal's safe-haven appeal, put pressure on gold prices in futures trade here.
Globally, gold was trading lower at $ 1,316.66 an ounce in Singapore today from $ 1,319.18 yesterday.