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Gold prices fell 0.08 per cent to Rs 27,153 per 10 gram in futures trade today as participants reduced their positions largely in tandem with a weak trend overseas where precious metal dropped from a six-week high.
At the Multi Commodity Exchange, gold for delivery in December month contracts eased by Rs 23, or 0.08 per cent, to Rs 27,153 per 10 gram in business turnover of 394 lots.
Likewise, the metal for delivery in February shed Rs 22, or 0.08 per cent, to Rs 27,370 per 10 gram in four lots.
Market analysts said eroding haven demand due to weakening trend in the overseas markets on investors expecting the Federal Reserve to end its bond-buying programme this week, weighed on gold futures here.
Globally, gold fell by 0.30 per cent, to $1,227.51 an ounce in Singapore today.
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