Gold futures declined by 0.29 per cent on the Multi Commodity Exchange today as speculators reducing their positions in tandem with weakening overseas trend.
On the MCX platform, gold for delivery in October fell by 0.29 per cent to Rs 14,698 per ten gram, with an open interest in 7,550 lots.
Similarly, the metal for delivery in August weakened by 0.28 per cent to Rs 14,713 per ten gram clocking of 8,964 lots.
Traders said the fresh fall in gold mostly attributed as speculators indulged in reducing their positions influenced by weakening global trend.
They said fall in demand in the spot market at existing higher level too weighed on the prices.
