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Gold futures traded lower by Rs 200 at Rs 30,658 per 10 grams today due to a weak global trend and profit-booking by speculators.
Gold for delivery in June was trading lower by Rs 200 or 0.65 per cent at Rs 30,658 per 10 grams in a business turnover of 1,007 lots at the Multi Commodity Exchange.
Analysts said the fall in gold futures was mostly in tandem with a weak trend overseas as a strong and recovery in equities reduced the appeal for precious metals a safe haven. Globally, gold prices fell 0.38 per cent to $1,327.70 an ounce in Singapore.
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