New Delhi: Gold prices fell by Rs 106 to Rs27,132 per 10 gram in futures trade on April 30 amid a weak trend overseas and profit-booking by speculators. At the Multi Commodity Exchange, gold for delivery in June eased by Rs 106 or 0.39 per cent to Rs 27,132 per 10 gm in a business turnover of 236 lots. Likewise, the metal for delivery in far-month August shed Rs 104 or 0.38 per cent to Rs 27,339 per 10 gm in 8 lots.
Analysts said besides a weak trend in the overseas markets after the Federal Reserve said the economy was expected to pickup following a first-quarter slowdown, boosting speculation that interest rates will rise this year, put pressure on gold prices at futures trade here. In Singapore, gold lost 0.18 per cent to USD 1,202.40 an ounce on April 30.
