Gold prices fell by Rs 94 to Rs 31,970 per 10 grams in futures trade Wednesday amid profit-booking by traders at prevailing levels even as the precious metal rose overseas.
In futures trade at the Multi Commodity Exchange, gold for delivery in December shed Rs 94, or 0.29 per cent, at Rs 31,970 per 10 grams in a business turnover of 388 lots.
Analysts attributed the fall in gold futures to profit booking by traders at the existing level but a firm trend overseas, kept losses limited.
Globally, gold was trading 0.15 per cent higher at USD 1,232.70 an ounce in Singapore Wednesday.
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