Gold prices fell 0.52 per cent to Rs 31,765 per 10 gram in futures trade Wednesday as speculators reduced exposure, driven by a weak trend in overseas market.
On the Multi Commodity Exchange, gold for delivery in June eased by Rs 174, or 0.52 per cent, to Rs 31,765 per 10 gram in a business turnover of 12,119 lots.
Analysts said off-loading of positions by participants to book profits and a weak trend in global markets, mainly influenced gold prices at futures trade here.
Gold prices fell 0.31 per cent to USD 1,278.79 an ounce in New York.
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