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Gold futures fell 0.18 per cent to Rs 27,786 per 10 grams as participants cut down their bets to book profits amid a weak global trend.
At the Multi Commodity Exchange, gold for delivery in August was trading down Rs 51 or 0.18 per cent at Rs 27,786 per 10 grams in a business turnover of 304 lots.
Market analysts attributed the fall in prices to a weak trend overseas as the dollar strengthened against a basket of major currencies and global stocks gained on upbeat data, that diminished the demand for the precious metal as a safe haven.
Meanwhile, gold traded 0.10 per cent lower at $1,216.10 an ounce in Singapore.
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