Gold futures fell by 1.10% to Rs 28,096 per 10 grams today as participants indulged in reducing exposures, largely in tandem with a global trend.
At the Multi Commodity Exchange, gold for delivery in June, fell by Rs 312, or 1.10%, to trade at Rs 28,096 per 10 grams in a turnover of 1,669 lots.
Similarly, the metal for delivery in August fell by Rs 285, or 1.03%, to Rs 27,463 per 10 grams in 92 lots.
Globally, gold lost as much as 0.68% to USD 1,296.80 an ounce in New York last night.
Analysts said apart from a weakening trend overseas, appreciating rupee against the US dollar, making imports cheaper, also put pressure on gold prices at futures trade.
