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Gold futures down 0.3% on global cues

Metal for delivery in October traded lower by 0.33%

Press Trust of India New Delhi
Last Updated : Oct 01 2013 | 1:18 PM IST
Gold prices declined by 0.38% to Rs 29,760 per ten grams in futures trade today as speculators trimmed their positions on weakening global trend.

At the Multi Commodity Exchange, gold for delivery in December fell by Rs 114, or 0.38%, to Rs 29,760 per ten grams in business turnover of 1,472 lots.

Similarly, gold for delivery in October traded lower by Rs 101, or 0.33%, to Rs 30,324 per ten grams in 355 lots.

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Market analysts said speculators trimmed their positions in tandem with a weak global trend on speculation that any US government shutdown  will be short-lived, mainly influenced the sentiment.

Meanwhile, gold fell by 0.3% to $1,324.95 an ounce in Singapore.

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First Published: Oct 01 2013 | 1:16 PM IST

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