Gold prices fell by Rs 77 to Rs 29,534 per 10 grams in futures trade today as participants went for profit-booking at prevailing levels amid a weak trend overseas. In futures trade at the Multi Commodity Exchange, gold for delivery in December shed Rs 77, or 0.26 per cent, at Rs 29,534 per 10 grams in a business turnover of 221 lots. Similarly, metal for delivery in far-month February 2018 eased Rs 57, or 0.19 per cent, to Rs 29,686 per 10 grams in a modest volume of just 2 lots. Analysts attributed the fall in gold futures to profit- booking by traders at the existing level and weakness in precious metals in the global market amid uncertainty over a US tax reform plan. Globally, gold was trading 0.14 per cent lower at USD 1,276.10 an ounce in Singapore today.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)