)
Gold prices moved down by 0.41% to Rs 29,650 per 10 grams in futures trade today after participants offloaded partial positions on weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in far-month June declined by Rs 122, or 0.41%, to Rs 29,650 per 10 grams in a business turnover of 15 lots.
Likewise, the metal for delivery in April shed Rs 112, or 0.37%, to Rs 30,109 per 10 grams in 366 lots.
Market analysts said a weak trend in the overseas markets amid expectations that Federal Reserve minutes will show policy makers backing further stimulus cuts, mainly weighed on gold futures here.
Globally, gold fell 0.40% to $1,316.91 an ounce in Singapore today.
