Gold futures decline on profit-bookings, global cues
New Delhi: Gold prices fell by 0.25 percent to Rs 31,732 per 10 grams in futures trade Tuesday as speculators preferred to book profits at prevailing higher levels amid a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in October fell by Rs 79, or 0.25 percent, to Rs 31,732 per 10 grams, with a business turnover of 4,647 lots.
Similarly, the metal for delivery in December moved down by Rs 75, or 0.23 percent, to Rs 32,066 per 10 grams, with a business turnover of 679 lots.
Globally, spot gold fell as much as 0.4 percent to USD 1,753.75 an ounce in Singapore today.
Marketmen said besides profit-booking by speculators at prevailing higher levels, a weak trend in the global markets after metal slipped from six-month high, mainly led to the fall in gold prices at futures trade.