Gold prices were dismount by Rs 158 to Rs 29,940 per 10 grams in further business today as parttaker cut down their stock, largely in line with a weak trend Exotic.
At Multi Commodity Exchange, gold for delivery in far-month June was trading lower by Rs 158, or 0.52 percent, at Rs 29,940 per 10 grams, in a business turnover of 22 lots.
Also, the metal for delivery in April shed Rs 148, or 0.50 percent, to Rs 29,661 per 10 grams in 617 lots.
Many Analysts said there is a infirmity trend in the foreign markets where gold dropped down as the dollar obtained ahead of a key European Central Bank meeting this week, deficiency demand for the valuable metal.
Globally, gold fell 0.54 percent to USD 1,254.20 an ounce in Singapore.