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Gold prices fell Rs 205 to Rs 31,823 per 10 gram at the futures trade as speculators reduced their exposure, despite a firm trend in precious metal overseas.
At the Multi Commodity Exchange, gold for delivery in far-month February traded lower by Rs 205, or 0.64 per cent, at Rs 31,823 per 10 gram in a business turnover of 11 lots. Gold for delivery in far-month April, too, shed Rs 208, or 0.65 per cent, to Rs 31,990 per 10 gram in 1,841 lots.
Marketmen said the fall in gold prices at the futures trade was mostly due to trimming of positions by participants. Spot gold was up 0.3 per cent at $1,247.92 per ounce, as of 0825 GMT.
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