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Gold futures fell 0.21 per cent to Rs 28,148 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 August fell Rs 59 or 0.21 per cent to trade at Rs 28,148 per 10 grams in a turnover of 18 lots.
Similarly, the yellow metal for delivery in June shed Rs 54 or 0.19 per cent to Rs 28,535 per 10 grams in 389 lots.
Globally, gold lost as much as 0.19 per cent to $1,299.70 an ounce in Singapore.
Analysts said a weak trend overseas as an improving US economy raised bets that the Federal Reserve may continue to pare its monthly bond buying programme in the coming months, reducing the appeal of the bullion, weighed on gold futures.
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