Gold Down 0.6 Percent On Weak Global Cues
NEW DELHI: Gold prices moved down by 0.62 percent to 
29,906 per 10 gm in futures trade after participants off-loaded partial positions, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in far-month June declined by 187, or 0.62 percent, to 29,906 per 10 gm in business turnover of 75 lots.
Likewise, the metal for delivery in April shed 150, or 0.53 percent, to 30,215 per 10 gm in 830 lots.
Market analysts said a weak trend in the overseas markets where gold retreated from six-month high as better-than-estimated U.S. factory production data curbed demand for safe-haven ahead of the Federal Reserve meeting today, mainly put pressure on precious metal at futures trade here.
Globally, gold traded 0.7 percent lower at $ 1,357.13 an ounce in Singapore.
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