Gold for delivery in far-month April dropped by Rs 39 or 0.13 per cent to Rs 29,134 per 10 grams in a business turnover of 216 lots at the Multi Commodity Exchange.
Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas amid profit-booking by speculators.
Meanwhile, gold prices fell by 0.33 per cent to USD 1,228.80 an ounce in Singapore today.
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