 "Gold")
Gold prices fell by Rs 32 to Rs 29,490 per 10 ten grams in futures trading today as participants indulged in profit-booking at prevailing levels amid a weak trend overseas.
At the Multi Commodity Exchange gold for delivery in far-month August declined by Rs 32 or 0.11% to Rs 29,490 per 10 grams in a business turnover of 1 lot.
Similarly, metal for delivery in June contracts eased by Rs 13 or 0.04% to Rs 29,313 per ten grams in 272 lots.
Analysts attributed the fall in gold futures to profit-booking by traders at existing levels and a weak trend in global market where it retreated from three week highs as investors look to the US data for further clues on how the Federal Reserve will proceed on monetary policy.
Globally, gold fell 0.4% to $1,253.36 an ounce in Singapore. Earlier, it climbed to $1,260.06, the highest price since March 22.
