Gold down 0.1% on weak global cues
Metal for delivery in June 0.14%
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Gold prices moved down by 0.18% to Rs 30,075 per 10 gram in futures trade today after participants offloaded partial positions, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in April declined by Rs 55, or 0.18%, to Rs 30,075 per 10 gram in business turnover of 212 lots.
Likewise, the metal for delivery in June shed Rs 42, or 0.14%, to Rs 29,400 per 10 gram in five lots.
Market analysts said a weak trend in the overseas markets as US jobs data backed the case for the Federal Reserve to keep on reducing stimulus mainly put pressure on gold prices at futures trade here.
Globally, gold fell 0.9% to USD 1,327.94 an ounce in Singapore today.
At the Multi Commodity Exchange, gold for delivery in April declined by Rs 55, or 0.18%, to Rs 30,075 per 10 gram in business turnover of 212 lots.
Likewise, the metal for delivery in June shed Rs 42, or 0.14%, to Rs 29,400 per 10 gram in five lots.
Market analysts said a weak trend in the overseas markets as US jobs data backed the case for the Federal Reserve to keep on reducing stimulus mainly put pressure on gold prices at futures trade here.
Globally, gold fell 0.9% to USD 1,327.94 an ounce in Singapore today.
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First Published: Mar 10 2014 | 12:40 PM IST