Gold fell for the second day in futures trading today by losing three per cent largely on weakening global trend amid sluggish demand from traders.
The precious metal for April month contract plunged the most by falling 3 per cent to Rs 12,850 an ounce on the Multi Commodity Exchange, in trading of one lot.
Gold for February contract also fell by 1.31 per cent to Rs 12,707 per ten gram with trading volume of 374 lots, while December delivery rose by 1.28 to Rs 12,621 in trading of 22,741 lots.
Trading sentiment remained weak after reports that gold dipped below 800 dollar an ounce in global market.
They said steep fall in spot market also attributed to fall in gold prices in futures market.
