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NEW DELHI: Gold prices fell by 1.30 per cent in futures trade on Tuesday on stockists selling sparked by weak trend in global markets. The metal for February contract fell by 1.30 per cent to Rs 12,255 per 10 gram on the Multi Commodity exchange at 1200 hrs, in a trading volume of five lot.

Near month August contract shed 0.87 per cent at 12,240 per 10 gram in trading of seven lots. Far month October and December contracts were down by 0.58 and 0.54 per cent at 12,348 and Rs 12,436 per 10 gram respectively. Both contracts recorded a busine ss volume of 1030 and 10 lots.

In Asian market, gold fell 0.3 per cent to $891.90 an ounce, the lowest since June 26. The metal closed below $900 for the first time in six weeks yesterday. - PTI

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