At the Multi Commodity Exchange gold for delivery in April declined by Rs 149, or 0.50 per cent, to Rs 29,561 per 10 grams in a business turnover of 630 lots.
Similarly, metal for delivery in far-month June eased by Rs 120, or 0.40 per cent, to Rs 29,623 per ten grams in four lots.
Analysts attributed the fall in gold futures to profit-booking by traders at existing levels and a weak trend in global market as investors keenly awaited the Donald Trump's policy speech to a joint session of Congress later today where he is expected to provide clues on his plans to cut taxes.
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