Gold prices fell Rs 168 per cent to Rs 30,434 per 10 grams at the futures trade today as participants cut their bets amid a weak global trend.
At the Multi Commodity Exchange, gold prices for delivery in August fell Rs 168 or 0.55 per cent to Rs 30,434 per 10 grams in a business turnover of 535 lots.
Also, the metal for delivery in far-month October declined by Rs 112 or 0.36 per cent to Rs 30,701 per 10 grams in 36 lots.
Analysts attributed the fall in prices to a weak trend overseas after gold tumbled as a poll showed a tilt in favour of Britain remaining in the European Union just days before a historic vote, hurting demand for haven investments.
Globally, gold was trading 1.2 per cent lower at $1,283.23 an ounce in Singapore.