Gold futures prices fell 0.36 per cent to Rs 29,678 per 10 gram today as speculators engaged in trimming their positions, tracking a weak trend overseas.
On the Multi Commodity Exchange, gold prices for delivery in December fell Rs 108 or 0.36 per cent to Rs 29,678 per 10 gram in a business turnover of 253 lots. Similarly, October contract declined by Rs 99 or 0.33 per cent to Rs 29,775 per ten gram in 2,235 lots.
Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas after a Federal Reserve official said policy makers may start reducing US fiscal stimulus as early as next month.
Meanwhile, gold prices fell 0.4 per cent to settle at $1,327 an ounce in New York yesterday.