Gold futures slip on profit-booking

NEW DELHI, June 18: Gold futures fell by 0.25 per cent to Rs 30,932 per 10 grams today as participants cut down bets to book profits even as metal strengthened overseas.

At the Multi Commodity Exchange, gold for delivery in August was trading lower by Rs 78, or 0.25 per cent, at Rs 30,932 per 10 grams, in a business turnover of 725 lots.

On similar lines, the metal for delivery in October declined by Rs 66, or 0.21 per cent, to Rs 31,265 per 10 grams in 33 lots.

Market analysts attributed the fall in prices to profit- booking by participants but a firm trend in global market capped the fall.

Meanwhile, gold traded higher at USD 1,279.30 an ounce in Singapore. (PTI)

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