Gold prices fell 0.36 per cent to Rs 29,335 per 10 grams at the futures trade as speculators trimmed their positions.
At the Multi Commodity Exchange, gold for delivery in August fell Rs 105 or 0.36 per cent to Rs 29,335 per ten grams in a business turnover of 792 lots.
On similar lines, the metal for delivery in October month contracts was trading lower by Rs 103 or 0.35 per cent at Rs 29,463 per ten grams in 5 lots.
Market analysts said offloading of positions by participants in line with a weak trend overseas, mainly kept gold prices down at the futures trade.
Globally, gold fell 0.13 per cent to $1,285.10 an ounce in Singapore.