Gold futures fall 0.32% on profit-booking

Gold prices slipped by 0.32 per cent to Rs 32,905 per ten gram in futures trade Thursday after traders booked profits.

However, a firm trend overseas capped the fall in prices.

At the Multi Commodity Exchange, gold for delivery in far-month April drifted lower by Rs 106, or 0.32 per cent, to Rs 32,905 per 10 gram in a business turnover of 909 lots.

In a similar manner, the March contract of gold fell by Rs 102, or 0.31 per cent, to quote at Rs 32,807 per 10 gram, in a business turnover of 965 lots.

Analysts said profit-booking by traders at existing levels led to the fall in gold prices but a better trend overseas, limited the losses.

Globally, gold was up 0.15 per cent at Rs 1,308.80 an ounce in New York.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)