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Gold futures fell by 0.33% to Rs 28,480 per 10 grams today as participants indulged in reducing exposures, largely in tandem with a global trend.
At the Multi Commodity Exchange, gold for delivery in June, fell by Rs 93, or 0.33%, to trade at Rs 28,480 per 10 grams in a turnover of 234 lots.
Similarly, the metal for delivery in August shed Rs 64, or 0.23%, to Rs 28,176 per 10 gm in 3 lots.
Globally, gold lost as much as 0.50% to $1,295.88 an ounce in Singapore.
Analysts said a weakening trend overseas on prospects for further cuts to the Federal Reserve's stimulus programme as the US economy shows signs of recovery, weighed on gold prices at futures trade.
