New Delhi: Amid absence of cues from overseas markets and a firm rupee, gold prices declined by 0.17 per cent to Rs 28,062 per 10 grams in futures trade on Monday.
   
At the Multi Commodity exchange, gold for delivery in April eased Rs 47, or 0.17 percent, to Rs 28,062 per 10 grams, with a business turnover of 19 lots.
   
Similarly, the metal for delivery in February lost Rs 43, or 0.15 percent, to Rs 27,753 per 10 grams, with a trade volume of 363 lots.
       
In Asian trade, gold little changed at USD 1,604.07 an ounce in Singapore in early trade on Monday.
     
Analysts said absence of any direction from global markets, which are closed on Monday for local holiday, mainly put some pressure on the gold futures prices here.
   
They said a firm rupee against the dollar, which trimmed the landed cost of imported gold appreciated against the dollar also weighed on the prices.
     
Meanwhile, rupee strengthened by 10 paise to 52.86 against the US currency in early trade on Monday.

(Agencies)