Gold prices moved down by 0.35 per cent to Rs 26,960 per 10 gram at the futures trade today as participants offloaded positions partially, taking weak cues from the global market.
Besides, profit-booking also influenced the sentiment.
On the Multi Commodity Exchange, gold for delivery in February declined by Rs 95 or 0.35 per cent to Rs 26,960 per 10 grams in a business turnover of 276 lots.
Likewise, the metal for delivery in far-month April shed Rs 93 or 0.32 per cent to Rs 27,152 per 10 gram in one lot.
Market analysts said a weak trend in the overseas market mainly put pressure on precious metal prices at the futures trade here.
Globally, the yellow metal fell as much as 0.5 per cent to $1,225.16 an ounce in early trade in Singapore today.