Tracking a weak global trend, gold prices fell by Rs 72 at Rs 31,343 per 10 grams in the futures trade today as speculators offloaded their positions.
At the Multi Commodity Exchange, gold for delivery in December fell by Rs 72, or 0.23%, to Rs 31,343 per 10 grams, with a business turnover of 1,499 lots.
October gold lost Rs 32, or 0.10%, to Rs 31,001 per 10 grams, with a business turnover of 125 lots.
Marketmen said speculators offloaded positions amid a weak global trend as retail sales data from Europe may add to signs of economic weakness.
Meanwhile, gold dropped 0.2% to $1,771.35 an ounce in Singapore.
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