Gold futures slip on profit-booking, global cues

Gold prices fell by 0.38 per cent 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 per cent, to Rs 26,948 per 10 grams in a business turnover of 115 lots.



The April contracts shed Rs 96, or 0.36 per cent, 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 per cent to $1,200.10 an ounce in Singapore today.



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Posted in: Indian Market Tips