 "Gold futures drop below 30k level on global cues")
At the Multi Commodity Exchange, April gold dropped by Rs 175, or 0.58% to Rs 29,917 per ten grams in business turnover of 5811 lots.
The June delivery lost Rs 154, or 0.50% to Rs 30,439 per ten grams in 220 lots.
Market analysts said speculators offloaded their positions in tandem with a weak global trend mainly pulled down gold prices at futures trade.
Meanwhile, gold fell 0.1% to $1,611.55 an ounce in Singapore.