Gold futures prices fell 0.27 per cent to Rs 28,550 per 10 grams today as participants trimmed their positions due to subdued demand at the domestic spot market and weak cues from the global market.
On the Multi Commodity Exchange, gold for delivery in June fell Rs 78 or 0.27 per cent to trade at Rs 28,550 per 10 grams in a turnover of 498 lots.
Similarly, the metal for delivery in August shed Rs 66 or 0.24 per cent to Rs 27,900 per 10 gm in 13 lots.
Globally, the yellow metal shed as much as 0.25 per cent to $1,292.40 an ounce in Singapore.
Analysts said off-loading of positions by speculators due to sluggish spot demand and a weak trend overseas, mainly put pressure on gold prices at the futures trade here.