Gold prices fell 0.24 per cent to Rs 30,460 per 10 gram at the futures trade today as participants reduced their positions largely in tandem with a weak trend overseas amid profit-booking.
On the Multi Commodity Exchange, gold for delivery in far-month February eased Rs 73 or 0.24 per cent to Rs 30,460 per 10 gram in a business turnover of 26 lots. Likewise, the metal for delivery in December shed Rs 63 or 0.2 per cent to Rs 30,797 per 10 gram in 613 lots.
Analysts said a weak trend in the overseas market ahead of the US Federal Reserve meet mainly weighed on gold prices at the futures trade here.
US Federal Reserve policy makers at the two-day meeting beginning tomorrow may decide on the pace of monetary stimulus.
Globally, the yellow metal fell 0.23 per cent to $1,349.80 an ounce in Singapore today.