Gold futures decline on weak global cues

Similarly,the metal for delivery in December moved down by Rs 43,or 0.11 per cent,to Rs 31,072 per 10 grams,with a business turnover of 2,485 lots.

Globally,spot gold fell as much as 0.01 per cent to USD 1,720.10 an ounce in Singapore.

Marketmen said a weak trend in global markets after data showed that China’s manufacturing expanded for the first time since July,signalling that the slowdown in the second-largest economy is easing and curbing the need for additional stimulus,reduced the demand for the precious metals,influenced prices here.