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Amid a weak global trend, gold futures traded lower by Rs 89 at Rs 30,018 per 10 grams today as speculators trimmed positions.
At the Multi Commodity Exchange, gold for delivery in April was trading lower by Rs 89 or 0.30 per cent at Rs 30,018 per 10 grams in a business turnover of 170 lots. Similarly, the metal for delivery in June fell by Rs 82 or 0.27 per cent to Rs 30,165 per 10 grams in 11 lots.
Analysts said the fall in gold futures was mostly attributed to cutting down of positions by participants in tune with a weak trend overseas. Meanwhile, gold prices fell 0.10 per cent to $1,317 an ounce in Singapore.
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