NEW DELHI: Gold futures prices declined marginally by Rs 33, or 0.12 per cent, to Rs 27,477 per 10 grams today, as speculators booked profits at existing levels amid a weakening trend in the Asian region.
At the Multi Commodity exchange, Gold for delivery in February fell by Rs 33, or 0.12 per cent, to Rs 27,477 per 10 grams, with a business turnover of 1,306 lots.
The metal for delivery in far-month April also fell by similar margin to Rs 27,850 per 10 grams, with a trade volume of 158 lots.
Analysts said a weakening trend in the Asian region and a stronger rupee, which rose to hit a 10-week high against the American currency, mainly weighed down on gold futures prices here.
Rupee plays an important role in determining the landed cost of the dollar-traded precious metal.
Meanwhile, gold dropped by 0.30 per cent to USD 1,672.25 an ounce in early trade today in Singapore.
