At Multi Commodity Exchange, gold for delivery in far-month August was trading lower by Rs 126, or 0.43 per cent, at Rs 29,387 per 10 grams, in a business turnover of 14 lots.
Also, the metal for delivery in June shed Rs 112, or 0.38 per cent, to Rs 29,224 per 10 grams in 406 lots.
Analysts said there is a weakening trend in the overseas markets, weighed on the precious metal prices at futures trade here.
Globally, gold fell 0.28 per cent to USD 1,252.20 an ounce in Singapore.
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