New Delhi, Today, surrounded by a weakening global trend, gold futures traded Rs 63 down at Rs 31,188 per 10 gram as speculators reduced their positions.

At the Multi Commodity Exchange, gold for delivery in far-month October dropped by Rs 63 or 0.20 % to Rs 31,188 per 10 gram in a business turnover of 26 lots.

As well, the metal for delivery in August shed Rs 62 or 0.20 % to Rs 30,845 per 10 gram in 314 lots.

According to the Market analysts, “the fall in gold futures was mostly in tune with a weak trend overseas as a stronger dollar and rebound in equities cut demand for the safe haven."

Yesterday, gold prices fell by 0.51 % to USD 1,315.30 an ounce in New York.