Gold futures slip to Rs. 27,360 per 10 gm

New Delhi-India (Oct 16)  Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.43 per cent to Rs. 27,360 per 10 grams at the futures trade today.

On the Multi Commodity Exchange, gold for delivery in far-month February next year eased Rs. 117 or 0.43 per cent to Rs. 27,360 per 10 grams in a business turnover of 17 lots.

On similar lines, the metal for delivery in December shed Rs. 109 or 0.40 per cent to Rs. 27,148 per 10 grams in 392 lots.

Analysts said besides profit-booking by speculators, a weak trend in overseas markets, weighed on gold futures.

Globally, gold traded 0.45 per cent lower at $1,178.10 an ounce in Singapore today.

Source: BusinessLine