Gold prices moved down marginally to Rs 28,331 per 10 gram at the futures trade today as participants offloaded partial positions, taking weak cues from the global market.
On the Multi Commodity Exchange, gold for delivery in February declined by Rs 33 or 0.11 per cent to Rs 28,331 per 10 gm in a business turnover of 470 lots. Likewise, the metal for delivery in April shed Rs 21 or 0.1 per cent to Rs 27,701 per 10 gm in 18 lots.
Market analysts said a weak trend in the overseas market, as US data showing a strengthening economy boosted equities and curbed the demand for safe haven assets, mainly put pressure on gold prices at the futures trade here.
Globally, gold traded a shade lower at $1,197.20 an ounce in Singapore today.