 "Gold futures down 1.2% on weak global cues, strengthening rupee")
Amid a weak trend overseas and strengthening rupee, gold prices fell 1.20% to Rs 30,580 per 10 grams in futures trade today.
At the Multi Commodity Exchange, gold for delivery in December eased by Rs 370, or 1.20%, to Rs 30,580 per 10 gm in business turnover of 12 lots.
Likewise, the metal for delivery in far-month February traded Rs 227, or 0.77%, to Rs 29,367 per 10 gm in 482 lots.
Globally, gold fell 0.50% to $1,237.28 an ounce in Singapore today.
At the Multi Commodity Exchange, gold for delivery in December eased by Rs 370, or 1.20%, to Rs 30,580 per 10 gm in business turnover of 12 lots.
Likewise, the metal for delivery in far-month February traded Rs 227, or 0.77%, to Rs 29,367 per 10 gm in 482 lots.
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Analysts said a weak trend in the overseas markets as biggest rally in six weeks spurred selling by investors and strengthening rupee, which make imports cheaper, put pressure on the gold prices at futures trade here.
Globally, gold fell 0.50% to $1,237.28 an ounce in Singapore today.