Tracking a weak global trend, gold futures prices today fell 0.27% to Rs 30,893 per 10 grams today as speculators offloaded their positions.
At the Multi Commodity Exchange, gold for delivery in December fell by Rs 84, or 0.27%, to Rs 30,977 per 10 grams, with a business turnover of 1,867 lots.
February gold lost Rs 82, or 0.26%, to Rs 31,240 per 10 grams, with a business turnover of 90 lots.
Marketmen said speculators offloaded positions amid a weak global trend on concerns that the economy is slowing and China may refrain from additional economic stimulus, curbing the demand for the precious metal, leading to the fall in gold futures prices here.
Meanwhile, gold dropped 1.3% to $1,737.60 an ounce in New York last night.
