Precious Metal, Gold prices dipped by 0.23 per cent to Rs 28,373 per 10 gram at the futures trade as speculators trimmed their positions, tracking a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in August declined Rs 66 or 0.23 per cent to Rs 28,373 per ten grams in a business turnover of 792 lots, thehindubusinessline reports.
Similarly,the metal for delivery in far-month October traded lower by Rs 67 or 0.23 per cent at Rs 28,541 per ten grams in 25 lots.
Market analysts said offloading of positions by participants amid a weak trend overseas, mainly led to the fall in gold prices at the futures trade.
Globally, gold fell 0.3 per cent to $1,237.50 an ounce in Singapore.
