New Delhi: Gold futures prices fell by 0.12 percent to Rs 31,455 per 10 grams on Thursday as speculators reduced exposures amid a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in February fell by Rs 378, or 0.12 percent, to Rs 31,455 per 10 grams, with a business turnover of 78 lots.

Similarly, the metal for delivery in December moved down by Rs 43, or 0.11 percent, to Rs 31,072 per 10 grams, with a business turnover of 2,485 lots.

Globally, spot gold fell as much as 0.01 percent to USD 1,720.10 an ounce in Singapore.

Market men said a weak trend in global markets after data showed that China's manufacturing expanded for the first time since July, signaling that the slowdown in the second-largest economy is easing and curbing the need for additional stimulus, reduced the demand for the precious metals, influenced prices here.

(Agencies)

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