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Gold prices slipped by Rs 93 to Rs 29,496 per ten gram at the futures trade today as participants lightened their positions at prevailing levels amid a weak trend overseas.
At the Multi Commodity Exchang, gold for delivery in February next year was trading Rs 93 or 0.31 per cent down at Rs 29,496 per 10 gram with a business turnover of six lots. The metal for delivery in December too fell Rs 90 or 0.31 per cent to Rs 29,451 per ten gram in 685 lots.
Analysts said apart from profit-booking by speculators at existing levels, the metal’s fresh weakness in the overseas markets, as a firm dollar eroded the demand for precious metals, weighed on gold futures.
In the international market, gold lost 0.24 per cent to $1,273.20 an ounce in Singapore.
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