Gold futures ease by 0.32 per cent

New Delhi: Gold prices eased 0.32 per cent to Rs 27,441 per 10 grams in futures trade on May 14 as participants offloaded positions at current levels amid weak cues from global markets.

Gold for delivery in June contracts declined Rs 87, or 0.32 per cent, to Rs 27,441 per 10 grams in a business turnover of 203 lots in futures trading at Multi Commodity Exchange. Likewise, the metal for delivery in August shed Rs 82, or 0.30 per cent, to Rs 27,700 per 10 grams in 20 lots.

Market analysts said that apart from profit booking by speculators, a weak trend in the overseas markets put pressure on gold prices here. Globally, gold traded USD 1,214.46 an ounce in early trade on May 14 in Singapore against USD 1,215.75 on May 13.