In futures trade at the Multi Commodity Exchange, gold for delivery in February shed Rs 79, or 0.29 %, at Rs 27,587 per 10 grams in a business turnover of 280 lots. 

Similarly, metal for delivery in April eased Rs 40, or 0.14 %, to Rs 27,569 per 10 grams in a modest volume of just one lot. Analysts attributed the fall in gold futures to profit-booking by traders at the existing level and weakness in precious metals in the global market. Globally, gold was trading a shade lower at USD 1,161.60 an ounce in Singapore today.

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