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Gold prices fell 0.29 per cent to Rs 25,980 per 10 grams at the futures trade today as market players reduced their positions in line with a weak trend overseas as well as subdued demand in domestic spot market.
On the Multi Commodity Exchange, gold for delivery in June eased by Rs 29 or 0.29 per cent to Rs 25,980 per 10 grams in a business turnover of 24 lots.
Similarly, the yellow metal for delivery in March shed Rs 20 or 0.2 per cent to Rs 25,870 per 10 grams in 524 lots.
According to analysts, a weak trend in overseas markets weighed on gold futures ahead of expectations that the US Federal Reserve may hike interest rates sooner-than-expected.
In global markets, gold fell 0.4 per cent to $1,153.69 an ounce.
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