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Gold futures fall to Rs 27,641 on profit-booking, weak global cues

New Delhi: Gold prices fell 0.1 per cent to Rs. 27,641 per 10 grams at the futures trade today amid a weak trend overseas and profit-booking by speculators. On the Multi Commodity Exchange, gold for delivery
India TV News Desk June 23, 2014 17:43 IST
India TV News Desk
New Delhi: Gold prices fell 0.1 per cent to Rs. 27,641 per 10 grams at the futures trade today amid a weak trend overseas and profit-booking by speculators.
 
On the Multi Commodity Exchange, gold for delivery in August eased by Rs. 27 or 0.1 per cent to Rs. 27,641 per 10 grams in a business turnover of 287 lots.
 
Likewise, the metal for delivery in far-month October shed Rs. 24 or 0.09 per cent to Rs. 27,725 per 10 grams in 8 lots.
 
Analysts said besides a weak trend in the overseas markets on signs that a rally to a two-month high dampened the physical and investment demand, profit-booking by speculators also put pressure on gold prices at the futures trade here.
 
Globally, the yellow metal lost 0.4 per cent to $1,310.19 an ounce in Singapore today.