It was yet another day of lackluster trading for Gold futures on the MCX, which was marginally lower in afternoon trade, after trading up in morning trade. Gold futures on the Multi Commodity Exchange for latest delivery was seen trading at Rs 29,184, lower by Rs 13, after reaching an intraday high of Rs 29,269 per 10 grams at 3.25 pm IST.
Similarly, the metal for August delivery, 2012 was seen trading at Rs 29,559 per 10 grams after reaching intraday high Rs 29,616 per 10 grams.
Domestically, gold of 99.9% and 99.5% purity rose to Rs 29,750 and Rs 29,610 per 10 grams, respectively.
Gold fell in overseas trade after the European Central Bank announced no further monetary easing measures and investors turned cautious ahead of US job data.
While, silver for delivery in May 2012 at the MCX, was trading at Rs 55,000 per kgs down Rs 133 or 0.24%.