Gold futures down 0.4% on weak global cues
Metal for delivery in far-month February last year shed 0.35%
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Gold prices moved down by 0.43% to Rs 29,941 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 December eased by Rs 129, or 0.43%, to Rs 29,941 per 10 gram in business turnover of 372 lots.
Likewise, the metal for delivery in far-month February last year shed Rs 103, or 0.35%, to Rs 29,329 per 10 gm in 34 lots.
Market analysts said a weak trend in the overseas markets after the US Federal Reserve signalled that policy makers may reduce monthly bond purchases in the coming months, mainly weighed on gold futures here.
Globally, gold fell 2.54% to $1,242.80 an ounce in New York yesterday.
At the Multi Commodity Exchange, gold for delivery in December eased by Rs 129, or 0.43%, to Rs 29,941 per 10 gram in business turnover of 372 lots.
Likewise, the metal for delivery in far-month February last year shed Rs 103, or 0.35%, to Rs 29,329 per 10 gm in 34 lots.
Market analysts said a weak trend in the overseas markets after the US Federal Reserve signalled that policy makers may reduce monthly bond purchases in the coming months, mainly weighed on gold futures here.
Globally, gold fell 2.54% to $1,242.80 an ounce in New York yesterday.
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First Published: Nov 21 2013 | 12:48 PM IST