Gold futures prices today fell by 0.23 per cent to Rs 31,182 per 10 grams as speculators reduced their positions, taking weak cues from overseas.
At the Multi-Commodity Exchange, gold for delivery in far-month April was down by Rs 72, or 0.23 per cent, to Rs 31,182 per 10 gram in a business turnover of 57 lots.
Similarly, the metal for delivery in February fell by Rs 69, or 0.22 per cent, to Rs 30,754 per 10 grams in 1,178 lots.
Market analysts attributed the fall in gold futures prices to a weak trend overseas.
Meanwhile, gold fell $1.10 to $1,661.80 an ounce in Singapore.