 "Gold futures down 0.3% on weak global cues")
Gold prices moved down by 0.31% to Rs 28,739 per 10 gram in futures trade today as speculators trimmed their exposures, tracking a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in February next year eased by Rs 90, or 0.31%, to Rs 28,739 per 10 gram in business turnover of 201 lots.
Likewise, the metal for delivery in far-month April shed Rs 84, or 0.29%, to Rs 28,410 per 10 gm in three lots.
Globally, gold fell 2.5% to $1,218.80 an ounce in New York in previous session.
At the Multi Commodity Exchange, gold for delivery in February next year eased by Rs 90, or 0.31%, to Rs 28,739 per 10 gram in business turnover of 201 lots.
Likewise, the metal for delivery in far-month April shed Rs 84, or 0.29%, to Rs 28,410 per 10 gm in three lots.
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Market analysts said a weak trend in the overseas markets after signs of a strengthening US economy fuelled speculation that the Federal Reserve is ready to slow the pace of its monetary stimulus mainly weighed on the gold prices at futures trade here.
Globally, gold fell 2.5% to $1,218.80 an ounce in New York in previous session.