ET:Gold futures marginally lower on weak global cues
NEW DELHI: In range-bound movement, gold fell marginally by Rs 32 to Rs 30,298 per ten grams in futures trade today as speculators trimmed positions in line with a weak global trend.
At the Multi Commodity Exchange, gold for delivery in December month fell by Rs 32, or 0.11 per cent to Rs 30,298 per ten grams in business turnover of 314 lots.
Similarly, the yellow metal for delivery in October contract moved down by Rs 27, or 0.09 per cent to Rs 29,940 per ten grams in 8,939 lots.
Market anlysts said speculators trimming their positions on the back of weak global trend mainly led to fall in gold prices at futures trade.
Meanwhile, gold dropped 0.4 per cent to 1,610.55 dollar an ounce in London.
