Gold futures prices declined by Rs 60 to Rs 16,708 per 10 grams today as traders reduced their positions in line with a weakening global trend.
At the Multi Commodity Exchange, gold for April contract fell by Rs 60 or 0.36 per cent to Rs 15,708 per 10 grams with an open interest of 14,586 lots.
Similarly, the metal for delivery in June contract lost Rs 53 or 0.31 per cent to Rs 16,785 per 10 grams in 4,038 lots.
Analysts said fresh selling after reports of a weakening trend in the overseas market caused gold futures to trade lower.
Meanwhile, gold declined by $2.10 to $1123.80 an ounce in the Asian region.
