Gold futures slip Rs 258 per 10 gm on profit-booking

Gold futures traded lower by Rs 258 to Rs 37,888 per 10 gram on Monday due to profit-booking by participants on low demand.

Gold for delivery in December was trading lower by Rs 258, or 0.68 per cent, to Rs 37,888 per 10 gram in a business volume of 1,965 lots.

Analysts said, the fall in gold futures was mostly attributed to profit-booking by participants at the domestic market.

Globally, the yellow metal prices declined 0.61 per cent to USD 1,497.20 an ounce in New York.