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Gold prices moved down by 0.19% to Rs 28,509 per 10 gram in futures trade today as participants offloaded positions partially, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in February contracts declined by Rs 55, or 0.19%, to Rs 28,509 per 10 gram in business turnover of 341 lots.
Likewise, the metal for delivery in April shed Rs 44, or 0.16%, to Rs 27,898 per 10 gram in 23 lots.
Market analysts said a weak trend in the overseas markets as investor holdings extended declines to the lowest since 2009, mainly put pressure on the gold prices at futures trade here.
Globally, gold fell 0.3% to $1,209.76 an ounce in early trade Singapore today.
