Gold prices fell by Rs 151 to Rs 30,564 per 10 grams in futures trade Tuesday as traders cut down bets at current levels amid a weak global trend.
At the Multi Commodity Exchange, gold prices for delivery in October were trading lower by Rs 151, or 0.49 per cent, to Rs 30,564 per 10 grams in a business turnover of 188 lots.
Also, the metal for delivery in December eased by a similar margin to quote at Rs 30,800 per 10 grams in six lots.
Analysts attributed the fall in prices to trimming of bets by participants, tracking a weak trend overseas where gold inched lower as the dollar firmed on worries over a potential new trade action from the US against China and expectations of a US interest rate increase this month by the Federal Reserve.
Meanwhile, gold was trading 0.17 per cent down at USD 1,193.40 an ounce in Singapore on Tuesday.
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