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Gold prices fell 0.45 per cent to Rs 28,966 per ten grams at the futures trade today as speculators indulged in trimming positions in tandem with a weak global trend.
On the Multi Commodity Exchange, gold for delivery in February fell Rs 130 or 0.45 per cent to Rs 28,966 per ten grams in a business turnover of 1,274 lots.
Similarly, the metal for delivery in far-month April contract lost Rs 99 or 0.35 per cent to Rs 28,373 per ten grams in 128 lots.
Analysts attributed the fall in gold futures to trimming of positions by speculators in tandem with a weak global trend amid speculation that the US Federal Reserve will continue reducing the asset purchases.
Meanwhile, gold fell 0.5 per cent to $1,239 an ounce in Singapore in early trade today.
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