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Gold prices fell 0.16 per cent to Rs 30,864 per 10 grams at the futures trade as speculators trimmed their positions owing to weak global cues.
At the Multi Commodity Exchange, gold for delivery in far-month October fell Rs 50 or 0.16 per cent to Rs 30,864 per ten grams in a business turnover of five lots. Similarly, the metal for delivery in August traded lower by Rs 43 or 0.14 per cent at Rs 30,573 per ten grams in 109 lots.
Market analysts said off-loading of positions by participants due to a weak trend overseas mainly led to the fall in gold prices at the futures trade. Globally, gold fell 0.06 per cent to $1,266.90 an ounce in Singapore.
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