Gold futures down by Rs 159

Gold futures prices fell by Rs 159 to Rs 27,673 per 10 grams in futures trade today as speculators booked profits at existing higher levels amid a weak trend in Asian markets.

At the Multi Commodity Exchange, gold for delivery in April fell by Rs 159, or 0.57%, to Rs 27,673 per 10 grams in business turnover of 11,341 lots.

Similarly, the metal for delivery in June contract moved down by Rs 139, or 0.49%, to Rs 28,092 per 10 grams in 636 lots.

Market analysts said besides profit-booking by speculators, a weak trend overseas and subdued demand in the domestic spot markets, also kept pressure on gold prices at futures trade.

Meanwhile, gold fell by $4 to $1,671.10 an ounce in Singapore.