Gold futures down 0.39% on weak global cues

Gold futures prices today fell by 0.39% to Rs. 30,098 per 10 gram as speculators offloaded their positions in tandem with a weak global trend.

Gold futures prices on Thursday fell by 0.39% to Rs 30,098 per 10 gram as speculators offloaded their positions in tandem with a weak global trend.

At the Multi Commodity Exchange, gold prices for delivery in October fell Rs 117, or 0.39%, to Rs 30,098 per 10 grams in business turnover of 761 lots.

On similar lines, metal prices for delivery in far-month December eased by Rs 209, or 0.33%, to Rs 29,765 per ten grams in 205 lots.

Market analysts said the fall in gold futures was mostly attributed to a weak trend in the global market.

Meanwhile, gold prices fell 0.22% to $1,330.20 an ounce in Singapore on Thursday.