Gold prices continued their losing streak on Friday, falling another 0.13 per cent to Rs 30,008 per 10 gram in futures market, as speculators engaged in trimming positions.
Market analysts said the fall in prices was mostly attributed to a weakening trend in the global market where the yellow metal fell to over four-week low on speculation that the US Federal Reserve will commit to reducing stimulus next week.
Gold in Singapore dropped 0.65 per cent to $1,312.40 an ounce.
At the Multi Commodity Exchange, gold for delivery in October traded Rs 39, or 0.13 per cent, to Rs 30,008 per 10 grams in business turnover of 1,427 lots.
Similarly, the yellow metal for delivery in December lost Rs 30, or 0.10 per cent, to Rs 29,869 per 10 grams in 64 lots.
