Gold futures prices today fell 0.48 per cent to Rs 31,134 per 10 grams as speculators reduced their exposures amid a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in December fell Rs 150 or 0.48 per cent to Rs 31,134 per 10 grams with a business turnover of 2,686 lots.
Similarly, the metal for delivery in February moved down by Rs 151 or 0.48 per cent to Rs 31,481 per 10 grams with a business turnover of 120 lots.
Globally, spot gold fell as much as 0.7 per cent to $1,741.75 an ounce in Singapore, the lowest price since September 26.
Marketmen said a weak trend in global markets on speculation that China may not need additional stimulus after exports grew more than estimated in September, reducing the demand for the precious metal, mainly put pressure on the gold prices at the futures trade here.