Gold futures prices today moved down by 0.22 per cent to Rs 30,092 per 10 grams after participants locked in gains amid a weak trend in the global market.
On the Multi Commodity Exchange, gold for delivery in April eased by Rs 65 or 0.22 per cent to Rs 30,092 per 10 gm in a business turnover of 702 lots.
Likewise, the metal for delivery in far-month June shed Rs 41 or 0.14 per cent to Rs 29,660 per 10 gm in 40 lots.
Analysts said besides profit-booking by speculators, a weak trend overseas on expectations that the US Federal Reserve will continue with stimulus withdrawal and the metal’s advance may deter physical purchases, weighed on gold prices.
Globally, gold fell 0.5 per cent to $1,321.73 an ounce in Singapore today after touching $1,332.45, the highest level since October 31.