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Gold prices fell 0.24% to Rs 30,460 per 10 gram in futures trade today as participants reduced their positions largely in tandem with a weak trend overseas amid profit booking.
At the Multi Commodity Exchange, gold for delivery in far-month February next year eased by Rs 73, or 0.24%, to Rs 30,460 per 10 gram in business turnover of 26 lots.
Likewise, the metal for delivery in December shed Rs 63, or 0.20%, to Rs 30,797 per 10 gram in 613 lots.
Analysts said a weakening trend in the overseas markets, before the US Federal Reserve begins a meeting where policy makers may decide on the pace of monetary stimulus, mainly weighed on the gold prices in futures trade here.
Globally, gold fell 0.23% to $1,349.80 an ounce in Singapore today.
