Gold prices moved down by 0.19 per cent to Rs 28,509 per 10 gram at the futures trade today as participants offloaded positions partially, taking weak cues from the global market.

On the Multi Commodity Exchange, gold for delivery in February declined by Rs 55 or 0.19 per cent to Rs 28,509 per 10 gram in a business turnover of 341 lots.

Likewise, the metal for delivery in April shed Rs 44 or 0.16 per cent to Rs 27,898 per 10 gram in 23 lots.

Market analysts said a weak trend in the overseas market as investor holdings extended declines to the lowest since 2009, mainly put pressure on gold prices at the futures trade here.

Globally, the yellow metal fell 0.3 per cent to $1,209.76 an ounce in early trade Singapore today.

(This article was published on December 30, 2013)
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