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Gold futures fall 0.25% on profit-booking

Speculators exit even as metal strengthens overseas

Press Trust of India New Delhi
Gold prices fell 0.25% 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, gold for delivery in October fell by Rs 69, or 0.25%, 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%, 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 $1,287.43 an ounce Singapore today from $1,287.32 on August 29.

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First Published: Sep 01 2014 | 11:30 AM IST

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