Gold fell Rs 56 to Rs 30,568 per 10 grams at the futures trade today as participants reduced their positions, largely in line with a weak trend overseas.
Moreover, profit-booking at existing levels also weighed on gold futures.
At the Multi Commodity Exchange, gold for delivery in far-month October was trading lower by Rs 56 or 0.18 per cent at Rs 30,568 per 10 grams in a business turnover of 30 lots.
Also, the metal for delivery in August shed Rs 54 or 0.18 per cent to Rs 30,345 per 10 grams in 1,324 lots.
Analysts said besides a weak trend in the overseas markets, profit-booking by speculators at current levels weighed on the precious metal at the futures trade here.
Globally, gold fell 0.23 per cent to $1,280.80 an ounce in Singapore.