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Tracking weak trend overseas, gold futures fell 0.08 per cent to Rs 27,672 per 10 grams today as speculators reduced their exposures amid a weak global trend.
On the Multi Commodity Exchange, gold for delivery in far-month October fell Rs 21 or 0.08 per cent to Rs 27,672 per 10 grams in a business turnover of 28 lots.
Similarly, the yellow metal for delivery in August eased by Rs 16 or 0.06 per cent to Rs 27,632 per 10 grams in 712 lots.
Market analysts said the fall in gold futures was mostly in line with a weak trend overseas as the outlook for higher borrowing costs in the US strengthened the dollar and damped the demand for safe haven.
Meanwhile, gold prices fell 1.01 per cent to $1,293.60 an ounce in New York yesterday.
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