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Amid a weak global trend, gold futures traded lower by Rs 61 at Rs 29,234 per 10 gram today as participants trimmed their exposure.
Gold for delivery in June was trading lower by Rs 61 or 0.21 per cent to Rs 29,234 per 10 gram in a business turnover of 834 lots at the Multi Commodity Exchange.
On similar lines, the metal for delivery in August eased Rs 58 or 0.20 per cent to Rs 29,352 per 10 grams in 12 lots.
Analysts said the fall in gold futures was mostly in tandem with a weak trend overseas as strength in dollar dimmed the metal’s appeal as alternative investment.
Globally, gold prices fell 0.12 per cent to $1,280.10 an ounce in Singapore
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