Gold futures fall marginally on weak global cues

New Delhi: Gold prices traded lower by 0.05 per cent to Rs 30,530 per 10 grams in futures trade on Monday after participants cut positions amid a weak global trend.

At the Multi Commodity Exchange, gold for delivery in June was trading lower by Rs 15, or 0.05 per cent, at Rs 30,530 per ten grams in a business turnover of 28 lots.

Analysts said offloading of positions by traders following a weak trend overseas as the dollar held steady after data showed the US economy added a larger-than-expected number of jobs in February influenced gold prices in futures trade.

Meanwhile, Gold prices fell 0.04 per cent to USD 1,322.60 an ounce in Singapore on Monday.