 "Gold down 0.3% on weak global cues")
Gold futures prices moved down by 0.36% to Rs 30,049 per 10 grams today, after participants offloaded partial positions, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in December eased by Rs 110, or 0.36%, to Rs 30,049 per 10 gm in business turnover of 660 lots.
Likewise, the metal for delivery in February last year shed Rs 51, or 0.17%, to Rs 29,229 per 10 gm in 257 lots.
Globally, gold traded lower at $1,242.65 an ounce in Singapore today as against yesterday's $1,244.13.
At the Multi Commodity Exchange, gold for delivery in December eased by Rs 110, or 0.36%, to Rs 30,049 per 10 gm in business turnover of 660 lots.
Likewise, the metal for delivery in February last year shed Rs 51, or 0.17%, to Rs 29,229 per 10 gm in 257 lots.
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Market analysts said a weak trend in the overseas markets on speculation that the Federal Reserve will begin reducing monetary stimulus as the US economy strengthens, damping demand for haven assets, mainly weighed gold prices at futures trade.
Globally, gold traded lower at $1,242.65 an ounce in Singapore today as against yesterday's $1,244.13.