New Delhi: Gold futures prices on Tuesday fell by 0.29 per cent to Rs 31,004 per 10 grams as speculators reduced exposure amid a weak trend overseas.

At the Multi Commodity Exchange, gold for delivery in December fell by Rs 90, or 0.29 per cent, to Rs 31,004 per 10 grams, with a business turnover of 1,164 lots.

Similarly, the metal for delivery in February moved down by Rs 82, or 0.26 per cent, to Rs 31,390 per 10 grams, with a business turnover of 91 lots.

Globally, spot gold fell USD 1.30 to USD 1,709.80 an ounce in New York in yesterday's trade.

Marketmen said a weak trend in global markets as stronger dollar curbed demand mainly kept pressure on gold futures here.

(Agencies)

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