Gold importers in India, the world's biggest buyer of the metal, continued picking up bargains for weddings as a stronger rupee weighed on the yellow metal, extending losses to the lowest level in nearly two weeks.
The wedding season will continue till early January and gold is an important gift item at marriages.
The actively traded gold for February delivery on the Multi Commodity Exchange was 0.52 per cent lower at 30,894 rupees per 10 grams at 0909 GMT, after hitting a low of 30,890 rupees, its lowest since December 6.
"The market is very active since yesterday evening when gold prices started dropping," said a dealer with a bullion importing private bank in Mumbai, adding: