NEW DELHI: Gold prices moved down by 0.17 per cent to Rs 30,145 per 10 gm in futures trade today after participants off-loaded partial positions, taking weak cues from the global market.
At the Multi Commodity Exchange, Gold for delivery in far-month June declined by Rs 51, or 0.17 per cent, to Rs 30,145 per 10 gm in business turnover of 216 lots.
Likewise, the metal for delivery in April shed Rs 47, or 0.16 per cent, to Rs 29,585 per 10 gm in 389 lots.
Market analysts said a weak trend in the overseas markets as holdings in exchange-traded products fell by the most on record and the dollar climbed on prospects for a US recovery, eroding the metal's allure as an alternative investment, mainly put pressure on gold prices at futures trade here.
Globally, gold traded a shade lower at USD 1,605.97 an ounce in Singapore today.
