Gold prices shed 0.12 per cent to Rs 30,578 per 10 grams in futures trade today as participants trimmed positions, tracking a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in August declined by Rs 36, or 0.12 per cent, to Rs 30,578 per ten gram in business turnover of 777 lots.
Likewise, the yellow metal for delivery in October contract was trading lower by Rs 21, or 0.07 per cent, to Rs 30,865 per ten gram in 7 lots.
Analysts said the slide in gold futures was mostly in tune with a weak trend overseas.
Markets also awaited minutes from the US Federal Reserve's June policy meeting later in day.
Meanwhile, gold fell 0.23 per cent to USD 1,253.60 an ounce in Singapore.
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