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Gold futures prices declined marginally by Rs 33 or 0.12 per cent to Rs 27,477 per 10 grams today, as speculators booked profits at existing levels amid a weakening trend in the Asian region.
At the Multi Commodity Exchange, gold for delivery in February fell Rs 33 or 0.12 per cent to Rs 27,477 per 10 grams with a business turnover of 1,306 lots. Similarly, April contract also fell by a similar margin to Rs 27,850 per 10 grams with a trade volume of 158 lots.
Analysts said a weakening trend in the Asian region and a stronger rupee, which rose to hit a 10-week high against the American currency, mainly weighed down on gold futures prices here. Rupee plays an important role in determining the landed cost of the dollar-traded precious metal.
Meanwhile, gold dropped 0.3 per cent to $1,672.25 an ounce in early trade today in Singapore.
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