Gold price futures decline 0.21 per cent on global cues

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At the MCX, gold for delivery in Feb declined by Rs 61 to Rs 29,227 per ten grams. PTi At the MCX, gold for delivery in Feb declined by Rs 61 to Rs 29,227 per ten grams. PTi
SummaryGold prices declined by 0.21 per cent to Rs 29,227 per ten grams in futures trading...

Gold prices declined by 0.21 per cent to Rs 29,227 per ten grams in futures trading today as speculators trimmed their positions driven by a weak global trend.

At the Multi Commodity Exchange, gold for delivery in February declined by Rs 61, or 0.21 per cent, to Rs 29,227 per ten grams in a business turnover of 1,556 lots.

Similarly, the metal for delivery in April traded lower by Rs 45, or 0.16 per cent, to Rs 28,655 per ten grams in 93 lots.

Market analysts said speculators trimmed their positions on weak global trend which led to decline in gold prices at futures trade.

Meanwhile, gold lost 0.3 per cent to USD 1,251.34 an ounce in Singapore.

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