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Gold futures fell Rs 80 to Rs 30,876 per 10 grams due to profit-booking by investors owing to a weak global trend.
Gold for delivery in far-month October was trading lower by Rs 80 or 0.26 per cent at Rs 30,876 per 10 grams in a business turnover of 4 lots at the Multi Commodity Exchange. On similar lines, the metal for delivery in August fell Rs 23 or 0.08 per cent to Rs 30,634 per 10 grams in 85 lots.
Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas coupled with profit-booking. Meanwhile, gold prices retreated as much as 0.16 per cent to $1,263.10 an ounce in Singapore.
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