Gold futures fall on weak global cues, profit-booking

New Delhi: Gold prices fell by 0.30 per cent to Rs 27,667 per 10 grams in futures trade on June 26 amidst a weak trend overseas and profit-booking by speculators. At the Multi Commodity Exchange, gold for delivery in August eased by Rs 84, or 0.30 per cent, to Rs 27,667 per 10 grams with a business volume of of 269 lots. Likewise, the metal for delivery in October was down by Rs 67, or 0.24 per cent, to Rs 27,770 per 10 grams in 7 lots.

Analysts said besides profit-booking by speculators, a weak trend in the overseas markets as stronger equities reduced the metal's safe-haven appeal, put pressure on gold prices in futures trade here. Globally, gold was trading lower at USD 1,316.66 an ounce in Singapore today from USD 1,319.18 yesterday.