Gold futures down 0.31% on weak global cues

NEW DELHI, May 30:Gold prices went down by 0.31 per cent to Rs 31,090 per 10 grams in futures trade today as participants lightened their bets, tracking a weak movement overseas.
At Multi Commodity Exchange, gold for delivery in June was down Rs 98, or 0.31 per cent, to Rs 31,090 per 10 grams in a business turnover of 294 lots.
Similarly, the metal for delivery in far-month August contracts was trading lower by Rs 89, or 0.28 per cent, to Rs 31,355 per 10 grams in 125 lots.
Analysts attributed the fall in prices to a weak trend overseas.
Meanwhile, gold shed 0.02 per cent to USD 1,298.10 an ounce in Singapore. (PTI)