Gold futures declined in noon trade on Thursday. February 2012 gold futures at the MCX were trading down 0.31% at Rs 30,795 per 10 grams at 12.18 p.m. after hitting high of Rs 30,870. It opened at Rs 30,850.

February futures gold at COMEX were down USD 4.5 or 0.27% to USD 1678.7/t oz.  Meanwhile, in the spot markets, gold down USD 1.17 or 0.07% to USD 1678.75/ t oz. at 12.30 pm.