Gold futures fall 0.20 per cent on weak global cues

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.