Gold prices fell 0.36 per cent to Rs 29,678 per 10 gram in futures trade on Tuesday as speculators engaged in trimming positions.
Market analysts said the fall was mostly attributed to a weak trend overseas after a Federal Reserve official said policy makers may start reducing US fiscal stimulus as early as next month.
At the Multi Commodity Exchange, gold prices for delivery in December fell by Rs 108, or 0.36 per cent, to Rs 29,678 per 10 gram in business turnover of 253 lots.
Similarly, metal prices for delivery in October declined by Rs 99, or 0.33 per cent, to Rs 29,775 per ten gram in 2,235 lots.
Meanwhile, gold prices fell 0.4 per cent to settle at USD 1,327 an ounce in New York yesterday
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