Gold fell Rs 235 to Rs 29,372 per 10 grams in futures trade today as participants reduced their positions, largely in line with a weak trend overseas.
Moreover, profit-booking at existing levels also weighed on gold futures.
At Multi Commodity Exchange, gold for delivery in December was trading lower by Rs 235 or 0.79 per cent at Rs 29,372 per 10 grams in a business turnover of 3,584 lots.
Also, the metal for delivery in February next year shed Rs 204 or 0.69 per cent to Rs 29,152 per 10 grams in 161 lots.
Analysts said besides a weak trend in the overseas markets, profit-booking by speculators at current levels, weighed on the precious metal in futures trade here.
Globally, gold fell 0.54 per cent to USD 1,221 an ounce, in New York yesterday.
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