Gold futures weaken by 0.11% on global cues

NEW DELHI, July 6: Gold prices shed 0.11 per cent to 30,910 per 10 gram in futures trading today as speculators reduced exposure driven by a weak global trend.
At the Multi Commodity Exchange, gold for delivery in October fell by Rs 33, or 0.11 per cent, to Rs 30,910 per 10 gram in a business turnover of 10 lots.
Similarly, the yellow metal for delivery in August declined by Rs 21, or 0.07 per cent, to Rs 30,629 per 10 gram in 270 lots.
Analysts said, cutting down of positions by participants in-line with a weak trend overseas where gold prices nudged lower amid steady dollar position with investors bracing for any impact on global markets from a deepening trade conflict between the United States and China.
Globally, gold fell by 0.18 per cent to USD 1,255 an ounce in Singapore. (PTI)


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