Gold prices moved down by 0.3 per cent to Rs 27,620 per 10 gram at the futures trade today after participants offloaded partial positions, taking weak cues from the global market.
Gold for immediate delivery lost as much as 1.41 per cent to $1,196.70 an ounce in New York yesterday.
On the Multi Commodity Exchange, gold for delivery in far-month April eased Rs 83 or 0.3 per cent to Rs 27,620 per 10 gm in a business turnover of three lots.
Likewise, the metal for delivery in February shed Rs 80 or 0.28 per cent to Rs 28,279 per 10 gm in 245 lots.
Market analysts said a weak trend in the overseas market as an improving US economy cut the demand for wealth protection, mainly weighed on gold prices at the futures trade here.