Gold futures fall 0.3% on sluggish demand

Gold futures for April fell by Rs 89, or 0.30% to Rs 29,963 per ten grams in 8,712 lots.

At the Multi Commodity Exchange (MCX), the June contract lost Rs 86, or 0.28% to Rs 30,494 per ten grams in 477 lots.

Prices fell as speculators offloaded their positions on sluggish spot market demand.

Weak global trend pulled down gold futures trade here.

In New York, gold fell by $5.20 to $1604.60 an ounce.