At the Multi Commodity Exchange, gold prices for delivery in August was trading lower by Rs 169, or 0.58 per cent, to Rs 28,861 per 10 grams in a business turnover of 348 lots.
Also, the metal for delivery in October declined Rs 136, or 0.47 per cent, to Rs 29,035 per 10 grams in a business volume of 46 lots.
Analysts attributed decline in gold prices at futures trade to trimming of positions by participants, tracking a weak trend in global market.