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Gold futures fell during afternoon trade in the domestic market on Tuesday as investors and speculators exited their positions in the precious metal after fading worries over Italy's political uncertainty and on rising expectations of US Fed interest rate hike in December. The US Federal Reserve likely to hike interest rate at its next policy meeting on December 13-14 after stronger-than-expected jobs data, thus diminishing demand for safe-haven assets. At the MCX, gold futures for February 2017 contract is trading at Rs 27,963 per 10 grams, down by 0.36%, after opening at Rs 28,002, against a previous close of Rs 28,063. It touched the intra-day low of Rs 27,951.