Gold futures weaken by 0.09 pc on global cues

Gold prices softened by 0.09 per cent to Rs 29,640 per 10 grams

Gold prices softened by 0.09 per cent to Rs 29,640 per 10 grams in futures trade today as participants trimmed their positions amid a weak trend overseas. At the Multi Commodity Exchange, gold for delivery in October month declined by Rs 28, or 0.09 per cent to Rs 29,640 per 10 grams in business turnover of 727 lots. Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas. Gold prices fell 0.30 per cent to USD 1,208.50 an ounce in Singapore today.