Flexi Says: The hormone calcitonin produced by the thyroid gland has the role of helping to regulate blood calcium levels by stimulating the movement of calcium into bone. Calcitonin is secreted in response to rising blood calcium levels. It decreases blood calcium levels by enhancing calcium absorption and deposition in bone. Calcitonin works hand-in-hand with parathyroid hormone, which is secreted by the parathyroid glands and has the opposite effects as calcitonin. Together, these two hormones maintain calcium homeostasis by regulating the amount of calcium going into and out of the skeletal system.