At the Multi Commodity Exchange, gold for delivery in February fell by Rs 145 or 0.50 per cent to Rs 28,580 per 10 grams in a business turnover of 513 lots.
Similarly, metal for delivery in far-month April contracts traded lower by Rs 133 or 0.46 per cent to Rs 28,645 per 10 grams in 68 lots.
Analysts attributed the fall in gold futures to profit-booking by participants at existing levels and a weak trend overseas as higher dollar reduced the precious metal's appeal as a safe-haven.
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