Gold futures prices fell by 0.12% to Rs 31,455 per 10 grams today as speculators reduced exposures amid a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in February fell by Rs 378, or 0.12%, to Rs 31,455 per 10 grams, with a business turnover of 78 lots.
December gold moved down by Rs 43, or 0.11%, to Rs 31,072 per 10 grams, with a business turnover of 2,485 lots.
Globally, spot gold fell as much as 0.01% to $1,720.10 an ounce in Singapore.
Marketmen said a weak trend in global markets after data showed that China's manufacturing expanded for the first time since July, signalling that the slowdown in the second-largest economy is easing and curbing the need for additional stimulus, reduced the demand for the precious metals, influencing prices here.