 "Gold futures down 1.5% on rising rupee")
Gold futures prices today fell by 1.52% to Rs 29,669 per 10 grams as speculators offloaded their positions, taking weak cues from the global market amid rising rupee.
Besides, subdued spot demand and profit-booking by speculators also put pressure on gold futures.
At the Multi Commodity Exchange, gold prices for delivery in October fell by Rs 459, or 1.52%, to Rs 29,669 per 10 grams in business turnover of 2,853 lots.
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Similarly, metal prices for delivery in far-month December declined by Rs 430, or 1.44%, to Rs 29,526 per 10 grams in 291 lots.
Analysts said the fall in gold futures was mostly attributed to a weak trend in the Asian region and a rising rupee, which made dollar-quoted precious metal cheaper.
Slackened demand at domestic spot markets and profit-booking by speculators, too put pressure on the prices, they said.
Globally, gold prices fell $4.20, or 0.32% to trade at $1,323.70 an ounce in Singapore.