Gold for delivery in October dropped Rs 38, to Rs 30,940 per 10 gram, in a business turnover of 635 lots at the Multi Commodity Exchange.
Similarly, the metal for delivery in far-month December was trading down by Rs 23, to Rs 31,071 per 10 gram, in 85 lots.
The fall in gold futures was mostly in step with a weak trend overseas where it lost the most in more than a month as a surge in the US consumer confidence and gains in the dollar diminished demand for the metal as a store of value, analysts said.
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