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Gold futures fell by 0.25% to Rs 30,555 per 10 grams today as speculators locked-in gains amid a subdued trend overseas.
At the Multi Commodity Exchange, gold prices for delivery in April fell by Rs 76, or 0.25%, to Rs 30,555 per 10 grams in a business turnover of 441 lots.
Metal prices for delivery in June declined by a similar margin to trade at Rs 29,950 per ten grams in 12 lots.
Market analysts said the fall in gold futures was mostly due to profit-booking by speculators and a weak trend overseas amid signs that the rally was overdone and physical buying in China slowed.
Meanwhile, gold traded a shade lower at $1,349.81 an ounce in Singapore from $1,350.58 yesterday, when the metal reached $1,354.87, the highest level since October 30, as Ukraine said that Russia has threatened to seize its war ships in Crimea.
