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Gold futures slip by 0.4% on profit-booking

Speculators locked-in gains amid weak global trends

<a href="http://www.shutterstock.com/pic-76071352/stock-photo-gold-jewelry-background-soft-selective-focus.html" target="_blank">Image</a> via Shutterstock

Press Trust of India New Delhi
Gold prices fell by 0.38% to Rs 26,948 per 10 grams in futures trade today as speculators locked-in gains amid weak global trends.

At the Multi Commodity Exchange, the June contracts of gold fell by Rs 102, or 0.38%, to Rs 26,948 per 10 grams in a business turnover of 115 lots.

The April contracts shed Rs 96, or 0.36%, to Rs 26,705 per 10 grams in 436 lots.

Analysts attributed the fall in gold futures to profit-booking by speculators at prevailing levels and weak global trends.

Meanwhile, gold prices fell by 0.4% to $1,200.10 an ounce in Singapore today.

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First Published: Mar 27 2015 | 11:02 AM IST

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