Gold down by Rs 80 on profit-booking; global cues

New Delhi: Gold prices fell 0.27 per cent to Rs 29,458 per 10 gram in futures trade today after participants trimmed positions at current levels amid a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in far-month June eased by Rs 80, or 0.27 per cent, to Rs 29,428 per 10 gram, in a business turnover of eight lots.

Likewise, the metal for delivery in April shed Rs 59, or 0.20 per cent, to Rs 29,357 per 10 gram in 505 lots.

Market analysts said profit-booking at existing levels by speculators and a weak trend in global market led to the fall in gold prices at futures trade.

Globally, gold traded 0.06 per cent higher at USD 1,237.90 an ounce in Singapore.