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Gold futures fell 0.42 per cent to Rs 27,764 per 10 grams today as speculators trimmed positions, tracking a weak global trend.
On the Multi Commodity Exchange, gold for delivery in August fell Rs 118 or 0.42 per cent to Rs 27,764 per 10 grams in a business turnover of 1,494 lots.
Similarly, the yellow metal for delivery in far-month October declined by Rs 112 or 0.4 per cent to Rs 27,905 per 10 grams in 161 lots.
Market analysts said the fall in gold futures was mostly due to off-loading of positions by speculators and a weak trend overseas as a rally in equities damped the demand for alternative investment amid concern that physical consumption is faltering.
Meanwhile, gold lost as much as 0.6 per cent to trade at over one-week low of $1,296.36 an ounce in Singapore, the lowest since July 16 from $1,338.70 on July 11.
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