Gold was down Rs.132 to Rs.24,779 per 10 grams in futures market on Friday as speculators trimmed their positions amid a weak global trend.

At the Multi Commodity Exchange, gold for delivery in October fell by Rs.132, or 0.53 per cent, to Rs.24,779 per 10 grams in a business turnover of 298 lots.

Similarly, the yellow metal for delivery in August lost Rs.120, or 0.49 per cent, to Rs.24,598 per 10 grams in 377 lots.

Analysts said the fall in gold futures was mostly due to a weakening trend in the global market where the precious metal headed for its biggest monthly drop in two years as the US economy expanded at a faster pace in the second quarter, bolstering expectations of an increase in rates this year.

Meanwhile, gold in Singapore dropped 0.3 per cent to $ 1,085.45 an ounce.