Gold futures prices today fell by 0.48% to Rs 31,134 per 10 grams as speculators reduced their exposures amid a weak trend overseas.
At the Multi Commodity Exchange, the December contract fell by Rs 150, or 0.48%, to Rs 31,134 per 10 grams, with a business turnover of 2,686 lots.
Similarly, the February contract moved down by Rs 151, or 0.48%, to Rs 31,481 per 10 grams, with a business turnover of 120 lots.
Globally, spot gold fell as much as 0.7% to $1,741.75 an ounce in Singapore, the lowest price since September 26.
Marketmen said a weak trend in global markets on speculation that China may not need additional stimulus after exports grew more than estimated in September, reducing demand for the precious metal, mainly put pressure on the gold prices at futures trade here.
