 "Gold futures down by 0.4% on weak global cues")
Gold prices fell by Rs 106 to Rs 27,132 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 June eased by Rs 106 or 0.39% to Rs 27,132 per 10 gm in a business turnover of 236 lots.
Likewise, the metal for delivery in far-month August shed Rs 104 or 0.38% to Rs 27,339 per 10 gm in 8 lots.
In Singapore, gold lost 0.18% to $1,202.40 an ounce today.
At the Multi Commodity Exchange, gold for delivery in June eased by Rs 106 or 0.39% to Rs 27,132 per 10 gm in a business turnover of 236 lots.
Likewise, the metal for delivery in far-month August shed Rs 104 or 0.38% to Rs 27,339 per 10 gm in 8 lots.
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Analysts said besides a weak trend in the overseas markets after the Federal Reserve said the economy was expected to pickup following a first-quarter slowdown, boosting speculation that interest rates will rise this year, put pressure on gold prices at futures trade here.
In Singapore, gold lost 0.18% to $1,202.40 an ounce today.