Gold futures slip by 0.4% on profit-booking

Mumbai-India (Mar 27)  Gold prices fell by 0.38% 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%, to Rs 26,948 per 10 grams in a business turnover of 115 lots.

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

Source: BusinessStandard