The exchange remained closed for the morning session on account of "Diwali Balipratipada".
At the Multi Commodity Exchange, gold for delivery in far month February 2017 declined by Rs 106, or 0.35 per cent, to Rs 29,896 per 10 gram, in a business turnover of 12 lots.
Similarly, the metal for delivery in December traded lower by Rs 90, or 0.30 per cent, to Rs 29,967 per 10 gram in 460 lots.
Meanwhile, gold fell 0.19 per cent to USD 1,272.30 an ounce in London today.