Gold prices declined 0.51 per cent to Rs 27,023 per 10 grams at the futures trade today as speculators offloaded positions amid a weak global trend.

Gold prices for delivery in June fell Rs 138 or 0.51 per cent to Rs 27,023 per 10 grams in a business turnover of 3,439 lots on the Multi Commodity Exchange.

Similarly, the metal prices for delivery in August traded lower by Rs 124 or 0.45 per cent to Rs 27,275 per 10 gram in 417 lots.

Market analysts attributed the fall to a weak global trend.

Meanwhile, gold traded lower at $1,205.59 an ounce in Singapore.

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