Gold futures fall 0.10 pc on weak global cues

Gold prices fell by 0.10 per cent to Rs 30,859 per 10 grams in futures trading today as participants trimmed their positions, tracking a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in far-month August declined by Rs 32, or 0.10 per cent to Rs 30,859 per 10 grams in a business turnover of 492 lots.

Analysts said a weakening trend overseas largely weighed on gold prices in futures trade here.

Meanwhile, gold fell 0.05 per cent to USD 1,274.07 an ounce in Singapore.