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Gold prices today fell Rs 399 or 1.54 per cent to Rs 25,556 per ten grams at the futures trade in line with a weak overseas trend.
At the Multi Commodity Exchange, gold for August contract fell by another Rs 399 or 1.54 per cent to trade at Rs 25,556 per 10 grams. June contract dropped by Rs 380 or 1.47 per cent to Rs 25,455 per 10 gm in 2,432 lots.
In New Delhi spot market, the yellow metal traded at Rs 26,700 per 10 grams on Saturday.
Analysts said sustained weakness in the overseas market, where gold dipped to a one-month low, has put pressure on the precious metal's prices at the futures trade.
Decline in ETF holdings and improvement in the US economy have also hit the metal’s appeal, they said.
Globally, gold prices plunged 1.5 per cent to $1,338.85 an ounce, its lowest price since April 18.
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