Gold is trading at Rs 29,324 per ten gram in futures trading as participants trimmed their positions.
The physical gold market remained quiet in most Asian centres this week despite a drop in prices with India witnessing a lull in fresh purchases as key festival season demand cooled off in the world's second biggest consumer.
New Delhi: Gold prices fell by 0.20 per cent to Rs 29,324 per ten gram in futures trading on Tuesday as participants trimmed their positions, tracking a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in far-month December declined by Rs 60, or 0.20 per cent to Rs 29,324 per ten gram in a business turnover of 221 lots.
Analysts said offloading of positions by participants, triggered by a weak trend overseas, weighed on the gold prices in futures trade here.
Meanwhile, gold fell 0.10 per cent to USD 1,274.70 an ounce in Singapore on Tuesday.
( Source : PTI )
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