Gold prices fell 0.27 per cent to Rs 29,458 per 10 gram at the futures trade today as participants trimmed positions at current levels amid a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in far-month June eased Rs 80 or 0.27 per cent to Rs 29,428 per 10 gram in a business turnover of eight lots.
Likewise, the metal for delivery in April shed Rs 59 or 0.2 per cent to Rs 29,357 per 10 gram in 505 lots.
Market analysts said profit-booking at existing levels by speculators and a weak trend in global market led to the fall in gold prices at the futures trade.
Globally, gold traded 0.06 per cent higher at $1,237.90 an ounce in Singapore