Gold prices declined by 0.11 per cent to Rs 30,740 per 10 grams in futures trade today as participants pared their bets, tracking a weak movement overseas.
At the Multi Commodity Exchange, gold for delivery in far-month October was down Rs 34, or 0.11 per cent, to Rs 30,740 per 10 grams in a business turnover of 2 lots.
Similarly, the metal for delivery in August contract was trading lower by Rs 30, or 0.10 per cent, to Rs 30,478 per 10 grams in 2 lots.
Analysts attributed the fall in prices to a weak trend overseas and profit-booking by speculators.
Meanwhile, gold dropped 0.29 per cent to USD 1,248 an ounce in Singapore.
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