Gold futures fell by Rs 31 to Rs 31,200 per 10 grams today as participants reduced their bets amid a weak trend overseas.
At the Multi Commodity Exchange, gold prices for delivery in far-month August was trading lower by Rs 31, or 0.10 per cent, to Rs 31,200 per 10 grams in a business turnover of 2 lots.
Also, the metal for delivery in June contract declined Rs 23, or 0.07 per cent, to Rs 30,955 per 10 grams in a business volume of 151 lots.
Analysts attributed the decline to trimming of positions by participants, tracking a weak trend in the global market where the precious metal edged down to near its lowest levels this year, pressured by a firm US dollar amid surging treasury yields.
Meanwhile, gold traded 0.19 per cent lower at USD 1,287.80 an ounce in Singapore.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)