Gold prices fell Rs 58 to Rs 28,890 per 10 grams at the futures trade as participants reduced positions due to a weak global trend.
Moreover, profit-booking at existing level also weighed on gold futures.
At the Multi Commodity Exchange, gold for delivery in August was trading lower by Rs 58 or 0.2 per cent at Rs 28,890 per 10 grams in a business turnover of 322 lots.
Also, the metal for delivery in June shed Rs 57 or 0.2 per cent to Rs 28,684 per 10 grams in 322 lots.
Analysts said, besides a weak trend in the overseas markets, profit-booking by speculators at current levels weighed on the precious metal at the futures trade here.
Globally, gold fell 0.2 per cent to $1,260.30 an ounce in Singapore today.