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Gold futures fell Rs 89 to Rs 29,005 per 10 grams as participants indulged in cutting bets amid a weak trend overseas.
At the Multi Commodity Exchange, gold prices for delivery in August was trading lower by Rs 89 or 0.31 per cent at Rs 29,005 per 10 grams in a business turnover of 363 lots.
Also, the metal for delivery in June declined Rs 84 or 0.29 per cent to Rs 28,759 per 10 grams in a business volume of 100 lots.
Analysts attributed the decline in gold prices at the futures trade to trimming of positions by participants due to weak global cues.
Meanwhile, gold traded 0.08 per cent lower at $1,267.85 an ounce in Singapore.
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