Gold retreated it`s early gain in the future market today as investors shown active interest in profit booking at prevailing higher levels.
The gold prices, which jumped above the psychological Rs 14,000 mark taking cue from the international market in the morning trade, have being falling marginally as higher prices resulted in weaker demand in local markets.
Presently, MCX Gold February contract is trading lower by 0.26% at Rs 14,035 per 10 gram (3.50 p.m., Tuesday). It opened at Rs 14,059 as against its previous close of Rs 14,072. It touched the highest level of Rs 14,214 in the intraday session.
The far month April contract is also trading down 0.19% at Rs 14,019 after opening at Rs 14,092. Similar trend have been notice at NCDEX counter where gold February contract is trading down 0.61% at Rs 13,940 it opened at Rs 14,120 as against its earlier close of Rs 14,025 per 10 grams.
