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Gold prices fell Rs 259 to Rs 30,102 per 10 grams at the futures trade as participants trimmed their positions to book profits amid a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in February was trading lower by Rs 259 or 0.85 per cent at Rs 30,102 per 10 grams in a business turnover of 96 lots. Also, the metal for delivery in far-month April shed Rs 209 or 0.69 per cent at Rs 30,066 per 10 grams in 147 lots.
Analysts said apart from profit-booking at current levels by speculators, a weak trend in the overseas market weighed on the precious metal at the futures trade. Globally, gold fell 0.13 per cent to $1,347.50 an ounce in Singapore.
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