Gold futures marginally down by 0.1% on Asian cues, profit booking

MUMBAI-INDIA (Aug 14)  Gold futures prices today fell marginally by 0.10% to Rs 28,795 per 10 grams as speculators offloaded their positions, taking weak cues from the Asian region.

Besides, profit-booking by speculators also put pressure on gold futures.

At the Multi Commodity Exchange, gold prices for delivery in December fell by Rs 35, or 0.10%, to Rs 28,795 per 10 grams in business turnover of 52 lots.

Similarly, gold prices for delivery in October declined by Rs 37, or 0.09%, to Rs 28,845 per 10 grams in 1,372 lots.

Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas on fears that recent rally may hrut physical demand amid profit-booking by speculators.

Globally, gold prices fell 0.03% to trade at a USD 1,321.00 an ounce in Singapore.