Gold futures fall 0.24% on profit-booking
Metal's strength in global market caps losses
Gold prices fell by 0.24% to Rs 31,235 per 10 grams in futures trade today as speculators locked-in gains at prevailing levels even as the metal strengthened overseas.
At the Multi Commodity Exchange, gold for delivery in October fell by Rs 75, or 0.24%, to Rs 31,235 per 10 grams, with business turnover of 738 lots.
December gold lost Rs 74, or 0.23%, to Rs 31,561 per 10 grams, with a business turnover of 131 lots.
Marketmen said gold futures fell as speculators offloaded their positions with a view to book profits at prevailing levels but the metal's strength in the global market capped losses.
Meanwhile, gold traded a shade higher at $1,754.30 an ounce in Singapore in early trade today.