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Gold futures prices today fell Rs 24 to Rs 28,256 per 10 grams, as speculators offloaded their positions, tracking a weak trend in the Asian region.
Also, absence of any positive trigger from domestic markets, which have been closed since March 17 against the duty hike in the Union Budget, put pressure on the gold futures prices here.
At the Multi Commodity Exchange, gold for delivery in April fell Rs 24 or 0.08 per cent to Rs 28,256 per 10 grams with a business turnover of 599 lots. Similarly, the metal for delivery in June declined Rs 21 or 0.07 per cent to Rs 28,695 per 10 grams with an open interest of 130 lots.
Market analysts said offloading of positions by speculators largely in tandem with a weak trend in the Asian markets led to a fall in gold prices at the futures trade.
Meanwhile, the yellow metal fell by $3 to $1,677.60 an ounce in Singapore.
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