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Gold futures fell 0.33 per cent to Rs 28,480 per 10 grams today as participants indulged in reducing exposures, largely in tandem with a global trend.
On the Multi Commodity Exchange, gold for delivery in June fell Rs 93 or 0.33 per cent 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 per cent to Rs 28,176 per 10 gm in three lots.
Globally, gold lost as much as 0.5 per cent to $1,295.88 an ounce in Singapore.
Analysts said a weak 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 the futures trade.
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