Gold marginally down in futures trade on profit-booking

Gold prices softened by 0.14 per cent to Rs 30,505 per 10 gram in futures trading as traders trimmed their bets to book profits even as the precious metal strengthened overseas.

At Multi Commodity Exchange, gold for delivery in October declined by Rs 42 or 0.14 per cent to Rs 30,505 per ten gram in business turnover of 312 lots.

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The metal for delivery in far-month December was trading lower by Rs 40 or 0.13 per cent to Rs 30,732 per ten gram in modest business turnover of one lot.

Analysts said cutting down of positions by participants to book profits by participants weighed on gold prices in futures trade here but a firm trend overseas, limited the fall.

Meanwhile, gold edged up 0.14 per cent to $ 1,201.40 an ounce in Singapore.