Gold futures shed 0.37 per cent

Written by PTI | New Delhi | Updated: Mar 11 2014, 18:46pm hrs
Extending its falling trend, gold prices moved down by 0.37 per cent to Rs 30,013 per 10 gram in futures trade today as participants indulged in trimming positions even as the metal recovered in global markets.

At the Multi Commodity Exchange, gold for delivery in April eased by Rs 110, or 0.37 per cent, to Rs 30,013 per 10 gm in a business turnover of 2,011 lots.

Likewise, the metal for delivery in far-month June shed Rs 73, or 0.25 per cent, to Rs 29,368 per 10 gm in 299 lots.

Market analysts said off-loading of positions by speculators put pressure on gold prices at futures trade here but metal's recovery overseas, limited the losses.

Globally, gold rose as much as 0.3 per cent to USD 1,344.02 an ounce in Singapore today.