Gold futures down on weak global cues

NEW DELHI, Mar 10: Gold prices moved down by 0.18 per cent to Rs 30,075 per 10 gram in futures trade today after participants offloaded partial positions, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in April declined by Rs 55, or 0.18 per cent, to Rs 30,075 per 10 gram in business turnover of 212 lots.
Likewise, the metal for delivery in June shed Rs 42, or 0.14 per cent, to Rs 29,400 per 10 gram in five lots.
Market analysts said a weak trend in the overseas markets as US jobs data backed the case for the Federal Reserve to keep on reducing stimulus mainly put pressure on gold prices at futures trade here.
Globally, gold fell 0.9 per cent to USD 1,327.94 an ounce in Singapore today. (AGENCIES)