Gold futures prices fell by 0.28% to Rs 20,594 per 10 grams today as speculators indulged in reducing their positions amid a weak Asian trend as Japan's nuclear crisis intensified.
At the Multi Commodity Exchange, gold for delivery in April fell by Rs 58, or 0.28%, to Rs 20,594 per 10 grams, with a business volume of 834 lots.
Likewise, the metal for delivery in June declined by Rs 56, or 0.27%, to Rs 20,889 per 10 grams, with a business turnover of 73 lots.
Analysts said weak Asian trend, with gold nearing lowest level in a month, prompted investors to sell precious metal to raise cash, to cover losses in equities and other commodities, weighed on the gold futures prices here.
Meanwhile, gold traded lower by 0.9% to $1,386.65 an ounce in Asian trade.
