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Gold prices declined 0.23 per cent to Rs 27,491 per ten grams at the futures trading today as speculators booked profits at the prevailing levels amid a weak global trend.
On the Multi Commodity Exchange, gold for delivery in December declined by Rs 63 or 0.23 per cent to Rs 27,498 per ten grams in a business turnover of 742 lots.
Similarly, the metal for delivery in far-month February next year traded lower by Rs 63 or 0.23 per cent to Rs 27,683 per ten grams in six lots.
Market analysts said profit-booking by speculators and a weak trend overseas led to decline in gold prices at the futures trade.
Meanwhile, the yellow metal lost 0.14 per cent to $1,247.60 an ounce in Singapore.
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