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Amid a weakening trend overseas on firming dollar, gold prices fell Rs 36 to Rs 28,844 per 10 grams at the futures trade today.
At the Multi Commodity Exchange, gold for delivery in June fell Rs 36 or 0.12 per cent to Rs 28,844 per 10 grams with a business turnover of 756 lots.
In a similar fashion, the yellow metal for delivery in August shed Rs 29 or 0.1 per cent to Rs 29,208 per 10 grams in 181 lots.
Market analysts said a weak trend in global markets due to concerns that Europe’s debt crisis would escalate lifted the dollar. This, in turn, reduced the demand for alternative investments and led to a decline in gold prices at the futures trade.
Meanwhile, the yellow metal lost 0.5 per cent to $1,551.35 an ounce in Singapore.
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