Gold futures prices fell 0.11 per cent to Rs 18,871 per ten gram today, largely in tandem with a weak trend overseas amid slackened demand in spot markets.
At the Multi Commodity Exchange platform, gold for delivery in December fell by Rs 20, or 0.11 per cent, to Rs 18,871 per ten gram, with a business turnover of 988 lots.
February gold shed Rs 19, or 0.09 per cent, to Rs 20,039 per ten gram, with a business turnover of 12 lots, while the April contract shed Rs 5, or 0.02 per cent, to Rs 20,194 per ten gram, clocking in a business turnover of just one lot.
Market analysts said weakening trend in overseas markets, as strong dollar reduced its appeal as an alternative investment and fall in demand at previaling levels in domestic markets, mainly weighed on the precious metal futures prices.
Globally, gold fell by $4.50, or 0.33 per cent, to $1,365.10 an ounce in the Asian region.