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Gold prices drifted down by 0.28 per cent to Rs 30,345 per 10 grams at the futures trade after participants trimmed their positions amid a weak global trend.
At the Multi Commodity Exchange, gold for delivery in April month fell Rs 84 or 0.28 per cent to Rs 30,345 per 10 grams in a business turnover of 222 lots. Likewise, the yellow metal for delivery in June was trading lower by Rs 68 or 0.22 per cent at Rs 30,476 per 10 grams in 3 lots.
Analysts attributed the fall in gold futures due to a weak trend overseas as the US dollar bounced from a near three-week low against the euro after European Central Bank President Mario Draghi signalled that any policy normalisation in the euro zone would be very gradual.
Gold prices fell 0.33 per cent to $1,317.30 an ounce in Singapore.
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