Gold futures prices declined by 0.27% to Rs 28,659 per 10 grams today, as speculators booked profits at existing higher levels amid a weakening trend in the Asian region.
At the Multi Commodity exchange, gold for delivery in December declined by Rs 78, or 0.27%, to Rs 28,659 per 10 grams, with a business turnover of 1,253 lots.
Similarly, the metal for delivery in February lost Rs 75, or 0.26%, to Rs 28,975 per 10 grams, with a trade volume of 435 lots.
Market analysts said besides profit-booking by speculators at existing higher levels, reports of a weakening trend in the Asian region mainly led to the decline in gold futures prices.
Meanwhile, gold dropped by 0.05% to $1,708.88 an ounce in Singapore.