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Gold futures fall 0.3% on weak global cues

Gold for December contract shed 0.18%

Press Trust of India New Delhi
Gold prices fell by 0.33% to Rs 33,296 per 10 grams in futures trade today as speculators offloaded their positions, tracking a weak global trend.

At the Multi Commodity Exchange, gold for delivery in October fell by Rs 109, or 0.33%, to Rs 33,296 per 10 grams in business turnover of 14,397 lots.

Similarly, the metal for December contract shed Rs 60, or 0.18%, to Rs 33,300 per 10 grams in 699 lots.

Market analysts said speculators offloaded their positions in tandem with a weak global trend where gold retreated from a three-month high on speculation over the US economic data.
 
Meanwhile, gold fell by 0.6% to $1,409.40 an ounce in London.

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First Published: Aug 29 2013 | 6:53 PM IST

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