Gold futures down on global cues

NEW DELHI, Feb 15: Gold prices moved down by 0.26 per cent to Rs 30,383 per 10 grams in futures trade today after participants off-loaded partial positions, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in April declined by Rs 80, or 0.26 per cent, to Rs 30,383 per 10 grams in business turnover of 2,010 lots.
Likewise, the metal for delivery in June shed Rs 67, or 0.22 per cent, to Rs 30,859 per 10 grams in 180 lots.
Market analysts said a weak trend in the overseas markets after big investors cut stake in exchange-traded products, mainly put pressure on the gold prices at futures trade here.
Globally, gold fell 0.3 per cent to USD 1,630.60 an ounce in Singapore. (PTI)