Gold futures slide 0.25% on global cues

Taking weak cues from the global markets, gold prices fell 0.25 per cent to Rs 29,468 per ten gram in futures trade today as speculators trimmed their positions.
At the Multi Commodity Exchange, gold for delivery in June fell by Rs 73, or 0.25 per cent, to Rs 29,468 per ten gram in business turnover of 81 lots.
Similarly, the yellow metal for delivery in April contract traded lower by Rs 30, or 0.10 per cent, to Rs 30,090 per ten gram in 2,650 lots.
Market analysts said the fall in gold prices was mostly in line with a weakening trend overseas where the precious metal slipped from 16-week high.

Meanwhile, gold fell 0.3 per cent to USD 1,332.48 an ounce in Singapore.