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Gold futures prices today fell 0.31 per cent to Rs 26,050 per 10 grams as participants indulged in reducing exposures, largely in tandem with a global trend where the metal dipped to a one-month low.
At the Multi Commodity Exchange, gold for delivery in June fell by another Rs 81 or 0.31 per cent to trade at Rs 26,050 per 10 grams in a turnover of 1,790 lots.
Similarly, the metal for delivery in far-month August shed Rs 57 or 0.22 per cent to Rs 26,155 per 10 gm in 160 lots.
Globally, gold lost as much as 0.6 per cent to $1,377.85 an ounce in Singapore.
Analysts said gold futures fell due to sustained weakness in overseas market.
In the global market, the yellow metal dipped to a one-month low as holdings in exchange-traded products shrank, the dollar gained and a US Federal Reserve policymaker said that stimulus may be reduced within months.
Besides, a weak trend at the domestic spot market where gold dropped to a one-month low also weighed on the prices, they said.
In Delhi spot market, gold prices crashed by Rs 500 to Rs 26,800 per 10 grams yesterday.
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