Gold prices moved down by 0.11 per cent to Rs 29,496 per 10 gm at the futures trade today as participants indulged in trimming their positions, tracking a weak trend in the global market.
On the Multi Commodity Exchange, gold for delivery in February eased by Rs 33 or 0.11 per cent to Rs 29,496 per 10 gm in a business turnover of one lot. Likewise, the metal for delivery in December shed Rs 11 or 0.04 per cent to Rs 29,745 per 10 gm in 138 lots.
Market analysts said apart from a weak trend in the overseas market, profit-booking by speculators also weighed on gold prices at the futures trade here.
Globally, the yellow metal traded lower by $3.30 or 0.25 per cent at $1,313.30 an ounce in Singapore today.