Gold futures down at Rs 27,667 per 10 gm

Gold prices fell 0.3 per cent to Rs 27,667 per 10 grams at the futures trade today amid a weak trend overseas and profit-booking by speculators.

On the Multi Commodity Exchange, gold for delivery in August eased Rs 84 or 0.3 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 market as stronger equities reduced the metal’s safe-haven appeal, put pressure on gold prices at the futures trade here.

Globally, gold was trading lower at $1,316.66 an ounce in Singapore today from $1,319.18 yesterday.