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Gold prices moved down by 0.03 per cent to Rs 30,265 per 10 gm at the futures trade today as participants indulged in trimming the positions, tracking a weak trend in the global market.
On the Multi Commodity Exchange, gold for delivery in December eased by Rs 9 or 0.03 per cent to Rs 30,265 per 10 gm in a business turnover of 1,012 lots.
Likewise, the metal for delivery in February shed Rs 10 or 0.03 per cent to Rs 29,474 per 10 gm in 79 lots.
Market analysts said a weak trend in the overseas market after the US Federal Reserve signalled that it may scale back the stimulus in the coming months, mainly put pressure on the gold futures here.
Globally, the yellow metal fell 0.3 per cent to $1,242.40 an ounce in New York yesterday.
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