Gold futures down 0.47% on weak global cues

Investors cutting their holdings put pressure on the trade

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Press Trust of India New Delhi
Last Updated : Jan 29 2013 | 2:34 PM IST

Gold futures fell at the Multi Commodity Exchange today. The February contract fell by Rs 145, or 0.47%, to Rs 30,800 per 10 grams in 1,582 lots.

The April contract slipped by Rs 134, or 0.43%, to Rs 31,359 per 10 grams in 114 lots.

In Singapore gold fell 1.1% to $ 1,646.15 an ounce.

Marketmen said weak overseas trend influenced the yellow metal's trade.

The US Federal Reserve policy makers hinted they will probably end asset purchases and investors cutting their  holdings by the most, put pressure on the gold futures.

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First Published: Jan 04 2013 | 10:51 AM IST

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