Gold futures down 0.2% on weak global cues
Prices moved down as participants indulged in trimming their positions
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Gold futures for June eased by Rs 45, or 0.15%, to Rs 29,495 per 10 gm in 708 lots.
At the Multi Commodity Exchange (MCX), the August contract shed Rs 34, or 0.11%, to Rs 29,968 per 10 gm in 26 lots.
Prices moved down as participants indulged in trimming their positions.
Weak trend in the overseas markets as holdings in exchange-traded products declined and the dollar climbed that curbing demand for the metal as an alternative asset weighed on the gold futures trade here.
In Singapore, gold traded a shade lower at $1,575.16 an ounce.
At the Multi Commodity Exchange (MCX), the August contract shed Rs 34, or 0.11%, to Rs 29,968 per 10 gm in 26 lots.
Prices moved down as participants indulged in trimming their positions.
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Weak trend in the overseas markets as holdings in exchange-traded products declined and the dollar climbed that curbing demand for the metal as an alternative asset weighed on the gold futures trade here.
In Singapore, gold traded a shade lower at $1,575.16 an ounce.
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First Published: Apr 09 2013 | 1:44 PM IST