Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.53 per cent to Rs 28,806 per 10 grams at the futures trade today.

On the Multi Commodity Exchange, gold for delivery in June eased by Rs 153 or 0.53 per cent to Rs 28,806 per 10 grams in a business turnover of 343 lots.

Likewise, the metal for delivery in far-month August shed Rs 127 or 0.44 per cent to Rs 28,532 per 10 grams in nine lots.

Analysts said a weak trend in the overseas market as an improving US economy weighed against the situation in Ukraine, put pressure on gold prices at the futures trade here.

Globally, the yellow metal fell 0.5 per cent to $1,321.31 an ounce in Singapore today.

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