Gold futures fell Rs 85 to Rs 28,796 per 10 grams today as participants trimmed positions due to profit-booking and a weak global trend.
Gold for delivery in August was trading down Rs 85 or 0.29 per cent at Rs 28,796 per 10 grams in a business turnover of 22 lots at the Multi Commodity Exchange.
Gold for delivery in June too fell Rs 83 or 0.29 per cent to Rs 28,622 per 10 grams in a business volume of 421 lots.
Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas as a bounce in the dollar prompted some buyers to cash in gains after its biggest one-day rally in nearly a year.
Meanwhile, gold prices retreated as much as 1.12 per cent to $1,246.80 an ounce in New York yesterday.