Gold prices fell by Rs 283 to Rs 31,457 per 10 gram in futures trade Thursday as speculators went for profit-booking at prevailing levels amid a weak trend overseas.
In futures trade on the Multi Commodity Exchange, gold to be delivered in June fell by Rs 283, or 0.89 per cent, to trade at Rs 31,457 per 10 gram in a business turnover of 12,113 lots.
The yellow metal for delivery in August shed Rs 236, or 0.74 per cent, to trade at Rs 31,626 per 10 gram with a business volume of 434 lots.
Analysts attributed the fall in gold futures to profit-booking by traders and a weak trend in precious metals overseas.
Globally, gold shed 0.72 per cent to USD 1,272.14 an ounce in Singapore.
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