Gold prices fell by Rs 141 to Rs 20,688 per 10 grams in futures trade today as speculators off-loaded their positions, triggered by a weakening global trend.
Trading sentiments turned bearish after gold declined in London as some investors sold the metal after its rally to a record and on signs the US economy is improving.
At the Multi Commodity Exchange, gold for April contract fell by Rs 141, or 0.67 per cent, to Rs 20,688 per 10 grams, with business turnover of seven lots.
Similarly, the metal for delivery in June declined by Rs 118, or 0.56 per cent, to Rs 20,980 per 10 grams, with trade volume of four lots.
Market analysts said position reduced by speculators amid weakening global trend mainly led to fall in gold futures prices. Meanwhile, gold fell by $13.55 to $1,416.19 an ounce in London.
