Gold futures fall by Rs 143 on profit-booking

Gold prices fell by Rs 143 to Rs 31,160 per 10 grams in futures trade Tuesday after participants booked profits at prevailing levels even as the precious metal strengthened overseas.

At the Multi Commodity Exchange, gold for delivery in far-month February next year contract was trading lower by Rs 143, or 0.46 per cent, to Rs 31,160 per 10 grams in a business turnover of 66 lots.

Read More | Sabarimala Row: SC to consider 48 petitions seeking review of its verdict today

Gold to be delivered in December also declined by Rs 114, or 0.37 per cent to Rs 30,885 per 10 grams in 245 lots.

Also Read | Marvel co-creator Stan Lee passes away at 95

The fall in gold prices at futures trade is mostly due to profit-booking by speculators at current levels but a better trend overseas, limited the fall, analysts said. Globally, the gold was trading 0.33 per cent higher at $1,204.80 an ounce in Singapore.