Gold futures slide on profit-booking

New Delhi: Gold futures fell by 0.25 percent to Rs 28,536 per 10 grams on Friday as participants cut down bets to book profits even as the metal strengthened overseas.

At the Multi Commodity Exchange, gold for delivery in August shed Rs 72, or 0.25 per cent, to Rs 28,536 per 10 grams, in a business turnover of 581 lots.

Market analysts attributed the fall in prices to profit-booking at current levels but a better trend overseas capped the losses.

Meanwhile, gold traded 0.04 per cent higher at USD 1,246.07 an ounce in Singapore.