New Delhi: Gold futures fell 0.15 percent to Rs 28,570 per 10 grams today as speculators offloaded positions to book profits even as the metal traded at nearly four-month high overseas.
At the Multi Commodity Exchange, gold for delivery in October fell by Rs 43, or 0.15 percent, to Rs 28,570 per 10 grams in a business turnover of six lots.
On similar lines, the metal for delivery in August declined by Rs 32, or 0.11 percent, to Rs 28,464 per 10 grams in 195 lots.
Market analysts said the fall in gold futures was mostly due to profit-booking by speculators after recent gains but a firming trend in precious metal overseas as rising tension in the Middle East boosted safe-haven demand, capped the losses.
Meanwhile, gold prices rose 0.11 percent to USD 1,336.80 an ounce in Singapore.
