Gold eases from record high

Gold futures prices slipped from record high by losing Rs 53,or 0.25 per cent to Rs 19,895 per ten gram on Friday,as speculators booked profits at prevailing levels amid a weakening global trend.

At the Multi Commodity Exchange platform,gold delivery for December fell by Rs 53,or 0.25 per cent to Rs 19,895 per ten gram,with a business turnover of three lots. It hit a record high of Rs 20,028 per ten gram in the previous session. The precious metal for delivery in February also slipped by Rs 44,or 0.23 per cent to Rs 20,70 per ten gram,with a business turnover of four lots.

Analysts said profit booking by speculators at record prices and weak trend in global markets,snapped its record-breaking rally and weighed down gold futures prices here.

Meanwhile,gold fell by USD 1.40 to USD 1,379.80 an ouncein the Asian region. The precious metal climbed to a record level near USD 1,388 dollar an ounce in New York in yesterday8217;s trading.