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Gold prices fell 0.50 per cent to Rs 27,936 per 10 grams in the evening session of trading at futures trade on Friday as speculators trimmed positions amid a weak global trend.
At the Multi Commodity Exchange (MCX), gold for delivery in October fell by Rs 139, or 0.50 per cent, to Rs 27,936 per 10 grams in a business turnover of 383 lots.
In a similar fashion, the yellow metal for delivery in December traded lower by Rs 118, or 0.42 per cent, to Rs 28,112 per 10 grams in seven lots.
MCX remained closed for morning session on account of “Ganesh Chaturthi“.
Analysts attributed the fall in futures to a weak global trend where gold fell for the first time in four days as investors weighed signs of an improving US economy against tension over Ukraine.
Globally, gold lost 0.4 per cent to $ 1,284.74 in London.
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