Gold futures fell 0.5 per cent to Rs 27,024 per 10 grams today as participants indulged in reducing exposures, largely in line with a global trend.

At the Multi Commodity Exchange, gold for delivery in far-month February eased by Rs 135, or 0.50 per cent, to trade at Rs 27,074 per 10 grams in a turnover of 41 lots.

Globally, gold lost as much as 0.7 per cent to $1,213.52 an ounce in Singapore.

Analysts said a weak trend overseas ahead of the Federal Reserve meeting to assess a pledge to keep the borrowing costs low for a considerable time and provide guidance on the outlook for monetary policy, weighed on gold prices at the futures trade here.

comment COMMENT NOW