Gold futures weaken by 0.15% on global cues

TIL Desk/Business/Mumbai/ Gold prices declined by 0.15 per cent to Rs 29,487 per 10 grams in futures trade today as participants trimmed positions amid a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in December fell by Rs 43, or 0.15 per cent to Rs 29,487 per ten grams in business turnover of 345 lots.

Similarly, the yellow metal for delivery in far-month February was trading lower by Rs 39, or 0.13 per cent to Rs 29,620 per ten grams in 35 lots.

Analysts attributed the slide in gold futures to weakness in precious metals in the global market. Globally, gold fell 0.17 per cent to USD 1,289.30 an ounce in Singapore today.