Gold futures prices fell Rs 159 to Rs 27,673 per 10 grams at the futures trade today as speculators booked profits at existing higher levels amid a weak trend in the Asian markets.
At the Multi Commodity Exchange, gold for delivery in April fell Rs 159 or 0.57 per cent to Rs 27,673 per 10 grams with a business turnover of 11,341 lots. Similarly, the metal for delivery in June moved down by Rs 139 or 0.49 per cent to Rs 28,092 per 10 grams in 636 lots.
Market analysts said besides profit-booking by speculators, a weak trend overseas and subdued demand in the domestic spot market, also kept pressure on gold prices at the futures trade.
Meanwhile, the yellow metal fell $4 to $1,671.10 an ounce in Singapore.