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Gold futures on the Multi Commodity Exchange opened lower at Rs 27,100 per 10 grams on Friday against the previous close of Rs 27,166.
It made a high of Rs 27,116 and low of Rs 27,021. It was trading down 0.37 per cent at Rs 27,065 at 1.17 p.m.
In Comex, the yellow metal for June delivery was down by $13 at $1,456 a troy ounce at 1.17 p.m.
New Delhi: Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.49 per cent at the futures trade today as speculators trimmed their positions.
At the Multi Commodity Exchange, gold for delivery in far-month August traded lower by Rs 134 or 0.49 per cent at Rs 27,288 per ten gram in 1,572 lots.
Likewise, the metal for delivery in June shed Rs 100 or 0.37 per cent to Rs 27,066 per ten gram with a business turnover of 175 lots.
Analysts said besides profit-booking by participants, a weak trend in the overseas markets mainly put pressure on gold prices at the futures trade here.
Globally, the yellow metal fell $15.90 or 1.08 per cent to $1,458.50 an ounce in New York yesterday.
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