Gold futures prices fell further by Rs 89 to Rs 20,554 per 10 grams in futures trade today on sustained offloading by speculators driven by weakening global trend.
At the Multi Commodity Exchange counter, gold for delivery in April fell by Rs 89, or 0.43 per cent, to Rs 20,554 per 10 grams, with a business turnover of three lots.
Similarly, the metal for delivery in February lost Rs 83, or 0.41 per cent to Rs 20,345 per 10 grams, with a business turnover of five lots.
Market analysts said beside weakening trend in Asia, continued offloading by speculators led to decline in gold futures prices.
Meanwhile, gold lost 0.3 per cent to $1,367.53 an ounce in Seoul.
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