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Gold prices went down by Rs 33 to Rs 26,811 per 10 grams at the futures trade today as speculators trimmed positions, tracking a weak global trend.
On the Multi Commodity Exchange, gold for delivery in October eased by Rs 33 to Rs 26,811 per ten grams in a business turnover of 169 lots.
Similarly, the yellow metal for delivery in August contracts traded lower by Rs 29 to Rs 26,568 per ten grams in 2,065 lots.
Analysts attributed the fall in gold futures to a weak global trend where it dropped to a one-week low after US data bolstered speculation that interest rates will rise this year and amid a mounting optimism that Greece will avoid a default.
Meanwhile, gold fell 0.2 per cent to $1,176.21 an ounce in Singapore, the lowest since June 17.
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