Gold futures prices today fell by Rs 189 to Rs 28,055 per 10 gm, as speculators offloaded their positions after the precious metal dropped to year's low in overseas markets.
Gold in the international markets declined to its lowest since December.
At the MCX, gold for delivery in April fell by Rs 189, or 0.67%, to Rs 28,055 per 10 gm, with a business turnover of 3,905 lots.
Similarly, the metal for delivery in August declined by Rs 177, or 0.62%, to Rs 28,441 per 10 gm, with an open interest of 364 lots.
Analysts attributed fall in gold prices at futures trade to offloading of positions by speculators after the precious metal dipped to year's low as concern that Europe's debt crisis is deepening strengthened the dollar and cut its appeal as an alternative asset.
Meanwhile, gold fell 0.2% to $1,552.97 an ounce in Singapore, the lowest level since December 30.
