Gold futures down 0.2% on global cues

Gold futures for far-month June declined by Rs 53, or 0.18%, to Rs 30,060 per 10 gm in 186 lots.

At the Multi Commodity Exchange (MCX), the April contract shed Rs 35, or 0.12%, to Rs 29,535 per 10 gm in 3,159 lots.

Prices dropped as participants off-loaded partial positions.

Weak overseas market trebds as signs of economic optimism curbed demand for the metal as a haven put pressure on the gold futures trade here.

In New York, gold fell 1.1% to $1,578.30 an ounce in yesterday's trade.