 "Gold futures decline 0.18% on global cues")
Tracking a weak global trend, gold prices declined by 0.18 per cent to Rs 29,187 per ten grams in futures trade today as speculators offloaded their positions.
At the Multi Commodity Exchange, gold for delivery in February declined by Rs 54, or 0.18 per cent, to Rs 29,187 per ten grams in a business turnover of 1,498 lots.
April gold traded lower by Rs 31, or 0.11 per cent, to Rs 28,615 per ten grams in 53 lots.
Meanwhile, gold fell by 1.12 per cent to $1,240.60 an ounce in New York last night.
At the Multi Commodity Exchange, gold for delivery in February declined by Rs 54, or 0.18 per cent, to Rs 29,187 per ten grams in a business turnover of 1,498 lots.
April gold traded lower by Rs 31, or 0.11 per cent, to Rs 28,615 per ten grams in 53 lots.
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Market analysts said offloading of positions by speculators, in line with a weak global trend, mainly led to decline in gold prices at futures trade.
Meanwhile, gold fell by 1.12 per cent to $1,240.60 an ounce in New York last night.
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