NEW DELHI, Mar 18: Gold prices moved down by 0.62 per cent to Rs 29,906 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 187, or 0.62 per cent, to Rs 29,906 per 10 gm in business turnover of 75 lots.
Likewise, the metal for delivery in April shed Rs 150, or 0.53 per cent, to Rs 30,215 per 10 gm in 830 lots.
Market analysts said a weak trend in the overseas markets where gold retreated from six-month high as better-than-estimated US factory production data curbed demand for safe-haven ahead of the Federal Reserve meeting today, mainly put pressure on precious metal at futures trade here.
Globally, gold traded 0.7 per cent lower at USD 1,357.13 an ounce in Singapore today. (AGENCIES)
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