Gold futures slide on weak global cues
Gold prices fell 0.17 per cent to Rs 29,447 per 10 grams in futures trade today as participants cut down bets amid a weak global trend.
At the Multi Commodity Exchange, gold prices for delivery in December fell by Rs 50, or 0.17 per cent, to Rs 29,447 per 10 grams in a business turnover of 245 lots.
Also, the metal for delivery in February declined by Rs 37, or 0.13 per cent, to Rs 29,550 per 10 grams in 23 lots.
Analysts attributed the fall in prices to trimming of positions by participants, tracking a weak trend in global market.
Meanwhile, gold fell 0.06 per cent at USD 1,293.20 an ounce in Singapore today.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.