Gold prices were down by Rs 86 to Rs 30,960 per 10 grams in futures trade Wednesday as speculators reduced exposure despite a firm trend in the precious metal overseas.
At the Multi Commodity Exchange, gold for delivery in far-month February traded lower by Rs 86, or 0.28 per cent, to Rs 30,960 per 10 grams in a business turnover of 11 lots.
The gold for delivery in December, too, fell by Rs 84, or 0.27 per cent to Rs 30,685 per 10 grams in 172 lots.
Marketmen said the fall in gold prices at futures trade was mostly due to trimming of positions by participants.
Globally, the gold was trading a shade higher at USD 1,203.20 an ounce in Singapore.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)