Gold prices drifted lower by 0.22 per cent to Rs 30,242 per 10 grams in futures trade today as participants trimmed positions tracking a weak trend overseas. At the Multi Commodity Exchange, gold for delivery in August fell by Rs 68, or 0.22 per cent, to Rs 30,242 per ten gram in a business turnover of 686 lots.
Likewise, the yellow metal for delivery in October was trading lower by a similar margin to Rs 30,540 per ten grams in 123 lots. Analysts said the fall in gold futures was mostly in tune with a weak trend overseas. Meanwhile, gold fell 1.12 per cent to USD 1,241 an ounce in New York in yesterday's trade.