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Gold futures prices fell 0.12 per cent to Rs 31,455 per 10 grams today as speculators reduced exposures amid a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in February fell Rs 378 or 0.12 per cent to Rs 31,455 per 10 grams with a business turnover of 78 lots.
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 $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.
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