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Gold futures prices fell 0.2 per cent to Rs 27,610 per 10 grams today as speculators offloaded their positions amid a weak global trend.
On the Multi Commodity Exchange, gold prices for delivery in far-month April fell Rs 56 or 0.2 per cent to Rs 27,610 per 10 grams in a business turnover of 99 lots.
Similarly, the metal prices for delivery this month declined by Rs 40 or 0.14 per cent to Rs 27,800 per ten grams in nine lots.
Market analysts said the fall in gold futures was mostly attributed to trimming of positions by speculators, tracking a weak trend overseas, as investors weighed the prospects of higher US interest rates amid signs that a global slowdown may be hurting the world’s largest economy.
Meanwhile, gold traded lower at $1,272.83 an ounce from $1,274.41 in Singapore in yesterday.
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