Gold prices fell 0.11 per cent to Rs 26,775 per 10 grams at the futures trade today as speculators indulged in trimming positions amid weak cues from global market and subdued domestic demand.

On the Multi Commodity Exchange, gold for delivery in February eased Rs 30 or 0.11 per cent to Rs 26,775 per 10 grams in a business turnover of 23 lots.

Likewise, the metal for delivery in December shed Rs 23 or 0.09 per cent to Rs 26,580 per 10 grams in 585 lots.

Analysts said a weak trend in overseas market as the US Federal Reserve ended its asset-purchase programme amid signs of an improving economy, eroding the demand for precious metals, put pressure on gold prices at the futures trade here.

Besides, a weak trend at the domestic physical market on slackened demand following the end of festive season, weighed on the prices, they said.

Globally, the yellow metal lost 1.03 per cent to trade at $1,186.50 an ounce in Singapore today, the lowest since October 6.

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