Gold futures lose shine after investors take profit

NEW DELHI: Gold futures moved lower by Rs 109 to Rs 31,625 per 10 grams on Monday due to profit-booking, in line with precious metal prices slipping overseas.

Gold for delivery in April was trading lower by Rs 109, or 0.34 per cent, to Rs 31,625 per 10 grams in a business volume of 519 lots.

In a similar fashion, gold due for June delivery fell by Rs 108, or 0.34 per cent, at Rs 31,890 per 10 grams in 15,017 lots.

Analysts said the fall in gold futures was mostly attributed to profit-booking by participants at the domestic market.

Globally, gold prices came off 0.24 per cent to $1,289.92 an ounce in Singapore.