Tracking a weak global trend, gold futures prices fell 0.27 per cent to Rs 30,893 per 10 grams today as speculators offloaded their positions.
At the Multi Commodity Exchange, gold for delivery in December fell Rs 84 or 0.27 per cent to Rs 30,977 per 10 grams with a business turnover of 1,867 lots.
Similarly, the yellow metal for delivery in February lost Rs 82 or 0.26 per cent to Rs 31,240 per 10 grams with a business turnover of 90 lots.
Marketmen said speculators offloaded their positions amid a weak global trend amid concerns that the economy is slowing and China may refrain from additional economic stimulus.
Meanwhile, gold dropped 1.3 per cent to $1,737.60 an ounce in New York last night.