Gold falls Rs 259 in futures trade on weak global cues

Gold falls Rs 259 in futures trade on weak global cues
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New Delhi: Gold prices fell Rs 259 to Rs 30,102 per 10 grams in futures trade on Monday as participants trimmed their positions to book profits amid a weak trend overseas.

At Multi Commodity Exchange, gold for delivery in February was trading lower by Rs 259, or 0.85 per cent, at Rs 30,102 per 10 grams, in a business turnover of 96 lots.

Also, the metal for delivery in far-month April shed Rs 209, or 0.69 per cent, to Rs 30,066 per 10 grams in 147 lots.

Analysts said apart from the profit-booking at current levels by speculators, a weakening trend in the overseas, weighed on the precious metal in futures trade.

Globally, gold fell 0.13 per cent to USD 1,347.50an ounce in Singapore.

PTI