At Multi Commodity Exchange, gold for delivery in February was trading lower by Rs 259, or 0.85 per cent, at Rs 30,102 per 10 grams, in a business turnover of 96 lots.
Also, the metal for delivery in far-month April shed Rs 209, or 0.69 per cent, to Rs 30,066 per 10 grams in 147 lots.
Analysts said apart from the profit-booking at current levels by speculators, a weakening trend in the overseas, weighed on the precious metal in futures trade.