Gold futures slide 0.28 per cent on weak global cues

Gold futures slide 0.28 per cent on weak global cues
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New Delhi: Gold prices drifted down by 0.28 per cent to Rs 30,345 per 10 grams in futures trade on Friday after participants trimmed their positions amid a weak global trend.

At the Multi Commodity Exchange, gold for delivery in April month fell by Rs 84, or 0.28 per cent to Rs 30,345 per 10 grams in business turnover of 222 lots.

Likewise, the yellow metal for delivery in June month contracts was trading lower by Rs 68, or 0.22 per cent to Rs 30,476 per 10 grams in 3 lots.

Analysts attributed the fall in gold futures on a weak trend overseas as the US dollar bounced from a near three-week low against the euro after European Central Bank President Mario Draghi signalled that any policy normalisation in the euro zone would be very gradual.

Gold prices fell 0.33 per cent to USD 1,317.30 an ounce in Singapore on Friday.

PTI