 "Gold futures down 1.9% on global cues, profit-booking")
Gold futures prices today fell by 1.95% to Rs 33,786 per 10 grams largely in tandem with a weak global trend amid profit-booking by speculators.
At the Multi Commodity Exchange, gold prices for delivery in October fell by Rs 453, or 1.95%, to Rs 33,786 per 10 grams in business turnover of 2,697 lots.
Similarly, metal prices for delivery in December declined by Rs 657, or 1.91%, to Rs 33,820 per 10 grams in 173 lots.
Further, profit-booking by speculators after recent gains also weighed on the precious metal prices, they said.
Meanwhile, gold prices fell 0.10% to $1,410.80 an ounce in Singapore.
At the Multi Commodity Exchange, gold prices for delivery in October fell by Rs 453, or 1.95%, to Rs 33,786 per 10 grams in business turnover of 2,697 lots.
Similarly, metal prices for delivery in December declined by Rs 657, or 1.91%, to Rs 33,820 per 10 grams in 173 lots.
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Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas on concern that the US Federal Reserve is getting closer to tapering stimulus, reducing appeal of precious metal.
Further, profit-booking by speculators after recent gains also weighed on the precious metal prices, they said.
Meanwhile, gold prices fell 0.10% to $1,410.80 an ounce in Singapore.
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