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Gold prices fell marginally by 0.26 per cent to Rs 27,010 per ten grams at the futures trade today as speculators trimmed their positions, taking weak cues from the global markets.
On the Multi Commodity Exchange, gold for delivery in August shed Rs 71 or 0.26 per cent to Rs 27,010 per ten grams in a business turnover of 293 lots.
In a similar fashion, the metal for delivery in far-month October fell Rs 58 or 0.2 per cent to Rs 27,254 per ten grams in four lots.
Analysts said the fall in yellow metal’s prices at the futures trade was mostly in tandem with a weak trend overseas before an emergency European summit on Greece’s debt crisis.
Globally, gold eased to $1,199.03 an ounce in Singapore from $1,200.27 on Friday.
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