Gold price slips in futures trade on weak global cues, profit-booking

Gold for delivery in August eased by Rs 27, or 0.10 percent, to Rs 27,641 per 10 grams Monday in a business turnover of 287 lots.

New Delhi: Gold prices fell 0.10 percent to Rs 27,641 per 10 grams in futures trade Monday amid a weak trend overseas and profit-booking by speculators.

At the Multi Commodity Exchange (MCX), gold for delivery in August eased by Rs 27, or 0.10 percent, 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 percent, 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 physical and investment demand, profit-booking by speculators put pressure on gold prices at futures trade here.

Globally, gold lost 0.40 percent to USD 1,310.19 an ounce in Singapore today.

Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.