NEW DELHI, Feb 20: Gold prices moved down further by 0.47 per cent to Rs 29,890 per 10 grams in futures trade today and indulged in offloading of positions, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in April declined by Rs 141, or 0.47 per cent, to Rs 29,890 per 10 grams in business turnover of 524 lots.
Likewise, the metal for delivery in far-month June shed Rs 135, or 0.46 per cent, to Rs 29,410 per 10 grams in 20 lots.
Market analysts said a weak trend in the overseas markets on expectations that the Federal Reserve will continue to taper stimulus in the US, mainly put pressure on gold prices at futures trade here.
Globally, gold traded a shade lower at USD 1,310.74 an ounce in Singapore today. (AGENCIES)
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