Gold for delivery in June contracts was trading Rs 53 or 0.18 per cent lower at Rs 29,882 per ten grams in a business turnover of 23 lots at the Multi Commodity Exchange.

On similar lines, the metal for delivery in far-month August shed Rs 33 or 0.11% to Rs 30,103 per ten grams in 23 lots.

Marketmen said the fall in gold futures was mostly in tune with a weak trend overseas and profit-booking by speculators at current levels.Meanwhile, gold prices in global market retreated as much as 0.41% to $1,271.50 an ounce in Singapore today.