At the Multi Commodity Exchange, gold for delivery in October month fell by Rs 104, or 0.33 percent, to Rs 31,061 per ten grams in business turnover of 788 lots.
Similarly, the yellow metal for delivery in far-month December contracts lost Rs 51, or 0.16 percent, to Rs 30,930 per ten grams in 89 lots.
Market analysts said the fall in gold futures was mostly attributed to a weakening trend in the global market as investors awaited minutes from the US central bank's July policy meeting for clues on when it will begin scaling back its commodities-friendly stimulus steps. They said, however, falling rupee which made imports costlier, limited the fall. Meanwhile, gold in Singapore dropped 0.28 percent to 1,361.80 dollar an ounce.


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