Gold futures prices slid by Rs 150 to Rs 16,780 per ten gram today as traders reduced their positions triggered by weakening global trend.
At the Multi Commodity Exchange platform, gold for August contract fell by Rs 150, or 0.89 per cent to Rs 16,780 per ten gram with an open interest of 239 lots.
The metal for delivery in April also declined by Rs 107, or 0.64 per cent, to Rs 16,668 per ten gram in 13,832 lots.
Market analysts attributed fall in gold futures prices to offloading of positions by traders on weak global cues as the US dollar rose to a nine-month high against euro after the Federal Reserve hiked an emergency lending rate.
Meanwhile, gold fell by $11 to $1,106.80 an ounce in New York last evening.
