Gold prices fell by Rs 198 to Rs 30,908 per 10 grams in futures trade Wednesday as speculators reduced exposure as US dollar edged higher.
At the Multi Commodity Exchange, the gold for delivery in December fell by Rs 198, or 0.64 per cent to Rs 30,908 per 10 grams in business volume of 1,711 lots.
Spot gold was down 0.3 per cent at USD 1,234.71 per ounce, after hitting its highest since October 26 at USD 1,241.86 an ounce in the previous session. US gold futures were down 0.5 per cent at USD 1,240.2 per ounce.
Gold for delivery in February 2019 traded lower by Rs 192, or 0.62 per cent, to Rs 30,914 per 10 grams in a business volume of 1,695 lots.
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