 "Gold down 0.8% on weak global cues")
Gold futures prices today moved down by 0.84% to Rs 29,730 per 10 grams, after participants offloaded partial positions, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in April eased by Rs 251, or 0.84%, to Rs 29,730 per 10 gm in business turnover of 6,400 lots.
Likewise, the metal for delivery in far-month June shed Rs 211, or 0.72%, to Rs 29,212 per 10 gm in 573 lots.
Globally, gold fell 0.29% to $1,326.70 an ounce in London today.
At the Multi Commodity Exchange, gold for delivery in April eased by Rs 251, or 0.84%, to Rs 29,730 per 10 gm in business turnover of 6,400 lots.
Likewise, the metal for delivery in far-month June shed Rs 211, or 0.72%, to Rs 29,212 per 10 gm in 573 lots.
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Market analysts said a weak trend in the overseas markets after the US Federal Reserve hinted that it will raise interest rates sooner-than-expected and a subdued demand at domestic market, put pressure on gold futures here.
Globally, gold fell 0.29% to $1,326.70 an ounce in London today.