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Taking cues from overseas markets, gold futures prices fell 0.22 per cent to Rs 27,120 per 10 gm today as speculators offloaded their positions.
On the Multi Commodity Exchange, gold prices for delivery in far-month August shed Rs 59 or 0.22 per cent to Rs 27,120 per 10 gm in a business turnover of seven lots.
Also, the metal prices for delivery in June declined by Rs 54 or 0.2 per cent to Rs 26,880 per ten gm in 292 lots.
Analysts said the fall in gold futures was attributed to trimming of positions by speculators, tracking overseas trend, after data on US jobless claims showed an improving labour market ahead of the release of non-farm payroll figures for April, boosting speculation that interest rates will rise this year.
Meanwhile, gold traded at $1,183.29 an ounce in Singapore from $1,184.51 yesterday.
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