Gold prices fell 0.23 per cent to Rs 27,420 per 10 gram at the futures trade today as participants reduced their positions in tandem with a weak trend overseas amid subdued demand at the domestic spot market.
On the Multi Commodity Exchange, gold for delivery in June eased by Rs 63 or 0.23 per cent to Rs 27,420 per 10 gram in a business turnover of 446 lots.
Likewise, the metal for delivery in August shed Rs 17 or 0.03 per cent to Rs 26,855 per 10 gram in 55 lots.
Market analysts said there is a weak trend in the overseas market as the euro weakened against dollar, reducing the appeal of the yellow metal.
Globally, gold fell to $1,291.840 an ounce in Singapore from $1,292.91 yesterday.