Gold prices softened by 0.12 per cent to Rs 28,957 per 10 grams at the futures trade today as speculators trimmed their positions due to a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in August declined by Rs 36 or 0.12 per cent to Rs 28,957 per ten grams in a business turnover of 411 lots.
Likewise, the metal for delivery in October shed Rs 32 or 0.11 per cent to Rs 29,112 per ten grams in 2 lots.
Market analysts said offloading of positions by participants in line with a weak trend overseas, mainly led to a decline in gold prices at the futures trade.
Globally, gold fell 0.07 per cent to $1,265.50 an ounce in New York yesterday.