New Delhi, Sept 11 Gold prices fell Rs 151 to Rs 30,564 per 10 grams at the futures trade as traders cut down their bets at current levels owing to a weak global trend.

At the Multi Commodity Exchange, gold prices for delivery in October were trading lower by Rs 151, or 0.49 per cent, at Rs 30,564 per 10 grams in a business turnover of 188 lots. Also, the metal for delivery in December eased by a similar margin to quote at Rs 30,800 per 10 grams in six lots.

Analysts attributed the fall in prices to trimming of bets by participants, tracking a weak trend overseas. In the overseas market, gold inched lower as the dollar firmed on worries over a potential new trade action from the US against China and expectations of a US interest rate increase this month by the Federal Reserve.

Meanwhile, gold was trading 0.17 per cent down at $1,193.40 an ounce in Singapore on Tuesday.

Silver prices fell Rs 192 to Rs 38,097 per kg at the futures trade due to trimming down of positions by speculators owing to weak global cues.

Silver for delivery in far-month March next year was trading sharply lower by Rs 192 or 0.50 per cent at Rs 38,097 per kg in a business turnover of four lots at the Multi Commodity Exchange. The white metal for delivery in December fell Rs 150 or 0.40 per cent to Rs 37,344 per kg with a business turnover of 177 lots.

In the international market, silver traded 0.18 per cent lower at $14.14 an ounce in Singapore.

Market analysts said a weak trend in precious metals in the global market and a stronger US dollar curbed the demand for precious metals, considered as a safe haven investment.

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