Gold futures fall Rs 37 on weak global cues, profit-booking

Amid a weakening global trend and profit-booking, gold futures fell Rs 37 to Rs 27,740 per 10 gram today as participants trimmed their positions.
In futures trade, gold for delivery in February was trading Rs 37, or 0.13 per cent lower, at Rs 27,740 per 10 gram, in a business turnover of 416 lots at the Multi Commodity Exchange.
On similar lines, the metal for delivery in far-month April shed Rs 33, or 0.12 per cent, to Rs 27,716 per 10 gram in 10 lots.
Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas amid profit-booking by speculators.

Meanwhile, gold prices in global market retreated as much as 0.28 per cent to USD 1,167.10 an ounce in Singapore today.