Amid a weakening global trend, Gold futures fell Rs 84 to Rs 31,140 per 10 gm today as participants trimmed their positions. 

In futures trade, gold for delivery in October contracts was trading Rs 84 or 0.27 percent lower at Rs 31,140 per 10 gms in a business turnover of 99 lots at the Multi Commodity Exchange. 

On similar lines, the metal for delivery in August shed Rs 78 or 0.25 % to Rs 30,834 per 10 gm in 612 lots. 

 Market analysts said the fall in gold futures was mostly in step with a weak trend overseas before a US Federal Reserve meeting that may shed light on the timing of interest-rate increases, and as investors considered the outlook for stimulus in Japan.

                        Trading Ideas  

1. Gold trading range for the day is 30716-31048.  
2. Gold prices remained in the range despite dollar dropped ahead of a two-day Federal Reserve policy meeting this week               
3. SPDR gold trust holdings dropped by 0.47% i.e. 4.46 tonnes to 954.23 tonnes from 958.69 tonnes.