Gold futures decline 0.21% on global cues
Traders pare positions as metal loses 0.3% in Singapore
 "Gold futures decline 0.21% on global cues")
Gold prices declined by 0.21 per cent to Rs 29,227 per ten grams in futures trading today as speculators trimmed their positions driven by a weak global trend.
At the Multi Commodity Exchange, gold for delivery in February was down Rs 61, or 0.21 per cent, to Rs 29,227 per ten grams in a business turnover of 1,556 lots.
April gold shed Rs 45, or 0.16 per cent, to Rs 28,655 per ten grams in 93 lots.
Meanwhile, gold lost 0.3 per cent to $1,251.34 an ounce in Singapore.
At the Multi Commodity Exchange, gold for delivery in February was down Rs 61, or 0.21 per cent, to Rs 29,227 per ten grams in a business turnover of 1,556 lots.
April gold shed Rs 45, or 0.16 per cent, to Rs 28,655 per ten grams in 93 lots.
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Market analysts said speculators trimmed their positions on weak global trend which led to decline in gold prices at futures trade.
Meanwhile, gold lost 0.3 per cent to $1,251.34 an ounce in Singapore.