Gold prices fell by 0.09 per cent to Rs 30,528 per 10 gram in futures trade today as speculators
trimmed their positions, tracking a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in far-month August declined by Rs 26 or 0.09 per cent to Rs 30,528 per ten grams in business turnover of 181 lots.
Analysts said off-loading of positions by participants amid a weak trend overseas as the dollar firmed amid easing risk aversion and expectations of further interest rate hikes by the US Federal Reserve, eroded demand for the precious metal as a safe-haven, weighed on gold prices at futures trade here.
Globally, gold fell 0.32 per cent to USD 1,254.16 an ounce, its lowest since mid-December last year in Singapore.
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