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Amid a weak trend overseas, gold prices fell 0.28 per cent to Rs 24,605 per 10 grams at the futures trade today as participants reduced their exposure.
Gold for delivery in August fell Rs 70 or 0.28 per cent to Rs 24,605 per 10 gram on the Multi Commodity Exchange in a business turnover of 13 lots.
Likewise, the metal for delivery in far-month October shed Rs 28 or 0.11 per cent to Rs 24,755 per 10 gram in 424 lots.
Analysts said a weak trend in the overseas market following a possible rate hike by the US Federal Reserve, lifting dollar to a four-month high and eroding the demand for the precious metals as an alternative investment, weighed on gold prices at the futures trade here.
Globally, gold traded 0.3 per cent down at $1,084.70 an ounce in Singapore today.
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