At Multi Commodity Exchange, gold for delivery in April contract was trading lower by Rs 173, or 0.60 per cent, at Rs 28,675 per 10 grams, in a business turnover of 712 lots.
Also, the metal for delivery in far-month June shed Rs 140, or 0.48 per cent, to Rs 28,832 per 10 grams in 116 lots.
Analysts said there is a weakening trend in the overseas markets as gains in US equities and the dollar dimmed some of the metal's safe haven investment appeal, which weighed on gold prices in futures trade here.
Globally, gold fell 0.19 per cent to USD 1,248.90 an ounce in Singapore today.
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