Gold futures prices today fell 0.13 per cent to Rs 29,630 per 10 grams as speculators offloaded their positions even as the metal strengthened overseas.
At the Multi Commodity Exchange, gold for delivery in April fell Rs 38 or 0.13 per cent to Rs 29,630 per 10 grams in a business turnover of 1,498 lots. Similarly, the metal for delivery in June fell Rs 31 or 0.1 per cent to Rs 30,180 per 10 grams in 56 lots.
Market analysts attributed the fall in gold futures prices to offloading of positions amid a weak trend at the domestic spot markets, but a firming trend overseas capped the fall.
Meanwhile, the yellow metal rose 0.4 per cent to $1,580.73 an ounce in Singapore in early trade today on speculation that central banks from the US to Europe and Japan will maintain stimulus measures to sustain the economic recovery.