Gold prices moved down by 0.41 per cent to Rs 29,650 per 10 grams at the futures trade today after participants offloaded partial positions due to weak cues from the global market.
On the Multi Commodity Exchange, gold for delivery in far-month June declined by Rs 122 or 0.41 per cent to Rs 29,650 per 10 grams in a business turnover of 15 lots.
Likewise, the metal for delivery in April shed Rs 112 or 0.37 per cent to Rs 30,109 per 10 grams in 366 lots.
Market analysts said a weak trend in the overseas market amid expectations that Federal Reserve minutes will show policy makers backing further stimulus cuts, mainly weighed on gold futures here.
Globally, gold fell 0.4 per cent to $1,316.91 an ounce in Singapore today.