Gold prices moved down by 0.11 per cent to Rs 29,496 per 10 gm in futures trade on Tuesday as participants indulged in trimming their positions, tracking a weak trend in the global market.
At the Multi Commodity Exchange, gold for delivery in February next year eased by Rs 33, or 0.11 per cent, to Rs 29,496 per 10 gm in business turnover of one lot.
Likewise, the metal for delivery in December shed Rs 11, or 0.04 per cent, to Rs 29,745 per 10 gm in 138 lots.
Market analysts said apart from a weak trend in the overseas markets, profit-booking by speculators also weighed on gold prices at futures trade.
Globally, gold traded $3.30, or 0.25 per cent, lower at $1,313.30 an ounce in Singapore on Tuesday.