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Gold futures prices fell 0.65 per cent to Rs 24,600 per 10 grams today as speculators offloaded their positions, tracking a weak global trend.
Gold for delivery in August fell Rs 161 or 0.65 per cent to Rs 24,600 per ten gram at the Multi Commodity Exchange in a business volume of 13 lots.
Similarly, the metal prices for delivery in far-month October declined by Rs 152 or 0.61 per cent to Rs 24,770 per ten grams in 575 lots.
Analysts said the fall in gold futures was mostly attributed to trimming of positions by speculators, tracking a weak trend overseas as the US interest-rate outlook buoyed the dollar, eroding the appeal of the precious metal as an alternative investment.
Meanwhile, gold traded 0.1 per cent lower at $1,084.30 an ounce in Singapore today.
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