Gold futures prices fell 0.31 per cent to Rs 28,436 per 10 grams today as participants indulged in reducing exposures, largely in tandem with a global trend.
On the Multi Commodity Exchange, gold for delivery in June fell Rs 89 or 0.31 per cent to trade at Rs 28,436 per 10 grams in a turnover of 207 lots. Similarly, the metal for delivery in August shed Rs 66 or 0.24 per cent, to Rs 27,850 per 10 gm in three lots.
Globally, gold lost as much as 0.7 per cent to $1,280.02 an ounce, the lowest level since May 2 in Singapore.
Analysts said a weak trend overseas amid speculation that the Federal Reserve will press on with reducing monetary stimulus, weighed on gold prices at the futures trade.