At the Multi Commodity Exchange, gold for delivery in February fell by Rs 130 or 0.45 percent to Rs 28,966 per ten grams in business turnover of 1,274 lots.
Similarly, the metal for delivery in far-month April contracts lost Rs 99, or 0.35 percent, to Rs 28,373 per ten grams in 128 lots.
Analysts attributed the fall in gold futures to speculators trimmed positions in tandem with a weak global trend amid speculation that US Federal Reserve will continue reducing asset purchases.
Meanwhile, gold fell 0.5 percent to USD 1,239 an ounce in Singapore in morning trade on Wednesday.


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