Gold futures decline Rs 17 on profit-booking


New Delhi: Gold prices were down Rs 17 at Rs 29,605 per 10 grams in futures trade on Wednesday as participants went for profit-booking at prevailing levels even as the metal strengthened overseas.
In futures trade at the Multi Commodity Exchange, gold for delivery in December shed Rs 17, or 0.06 per cent, at Rs 29,605 per 10 grams in a business turnover of 250 lots.
Similarly, metal for delivery in February eased Rs 15, or 0.05 per cent, to Rs 29,748 per 10 grams in a modest volume of just six lots.
Analysts attributed the fall in gold futures to profit-booking by traders at the existing level, but a firm trend in the global market restricted the fall.
Globally, gold was trading a shade higher at USD 1,281.10 an ounce in Singapore on Wednesday.


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