Gold futures trade lower on profit taking

Gold prices fell by Rs 36 to Rs 20,760 per ten grams in futures trading today, as speculators preferred to book profits, amid fall in demand at spot markets.

At the Multi Commodity Exchange platform, gold for April fell by Rs 36, or 0.17 per cent to Rs 20,760 per ten gram, with a business turnover of three lots.

Similarly, the metal for delivery in February-month moved down by Rs 32, or 0.16 per cent to Rs 20,575 per ten grams, with a business volume of three lots.

Market analysts said profit-booking by speculators, amid fall in demand at existing higher levels mainly led to a fall in gold future prices.