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Gold futures fell 0.15 per cent to Rs 28,570 per 10 grams today as speculators offloaded positions to book profits even as the metal traded at nearly four-month high overseas.
On the Multi Commodity Exchange, gold for delivery in October fell Rs 43 or 0.15 per cent to Rs 28,570 per 10 grams in a business turnover of six lots.
Similarly, the metal for delivery in August declined by Rs 32 or 0.11 per cent to Rs 28,464 per 10 grams in 195 lots.
Market analysts said the fall in gold futures was mostly due to profit-booking by speculators after recent gains but a firm trend in precious metal overseas as rising tensions in West Asia boosted safe-haven demand, capped the losses.
Meanwhile, gold prices rose 0.11 per cent to $1,336.80 an ounce in Singapore.
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