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After remaining higher in early trade, gold prices slipped 0.76 per cent to Rs 26,162 per ten grams at the futures trade today.
At the Multi Commodity Exchange, the most-active delivery in June fell Rs 201 or 0.76 per cent to Rs 26,162 per ten gram with a turnover of 18,329 lots. It touched a high of Rs 26,448 at the outset.
Similarly, gold for delivery in far-month August after rising to Rs 26,844, reversed the initial gains to trade down by Rs 203 or 0.76 per cent to Rs 26,562 per 10 gm in 463 lots.
The yellow metal made a high of Rs 26,448 and low of Rs 26,122. In Comex, the yellow metal for June delivery was down by $10 at $1,411 a troy ounce at 1.41 p.m.
Market analysts said besides profit-booking by speculators, fall in gold and other commodity prices in the global markets after data showed China’s manufacturing expanded at a slower pace, washed out the initial gains at the futures trade here.
Globally, the yellow metal fell one per cent to $1,412.43 per ounce in Singapore after rising 0.5 per cent in the opening trade.
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