In the Monday morning price of gold fell down upto Rs.241 to Rs.28449/10 grams as shareholder gratify in cutting their bets during a weak worldwide trend.

Conjointly, continued earning-booking also weighed on gold prices at usual level by speculators.

In April, prices of gold for shipment contracts jumped Rs.241  to Rs.28,449 per 10 grams in turnover of 267 lots at the Multi Commodity Exchange of India.

But, in the month of June the metal for delivery will decreased Rs.207 to Rs.28,720 for 10 grams.

Analysts credited the drop in gold prices at futures traffics to a weak trends globally where it demolish for a  third day after  touching a one-year tremendous last week as the recreation in equities looked set to keep on in Asia.