 "Gold futures down 0.3% on weak global cues")
Gold prices moved down by 0.30% to Rs 27,620 per 10 gram in futures trade today after participants offloaded partial positions, taking weak cues from the global market.
Gold for immediate delivery lost as much as 1.41% to USD 1,196.70 an ounce in New York yesterday.
At the Multi Commodity Exchange, gold for delivery in far-month April eased by Rs 83, or 0.30%, to Rs 27,620 per 10 gm in business turnover of three lots.
Market analysts said a weak trend in the overseas markets as an improving US economy cut demand for wealth protection, mainly weighed on the gold prices at futures trade here.
Gold for immediate delivery lost as much as 1.41% to USD 1,196.70 an ounce in New York yesterday.
At the Multi Commodity Exchange, gold for delivery in far-month April eased by Rs 83, or 0.30%, to Rs 27,620 per 10 gm in business turnover of three lots.
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Likewise, the metal for delivery in February shed Rs 80, or 0.28%, to Rs 28,279 per 10 gm in 245 lots.
Market analysts said a weak trend in the overseas markets as an improving US economy cut demand for wealth protection, mainly weighed on the gold prices at futures trade here.
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