Gold prices fell Rs 78 to Rs 26,643 per 10 grams at the futures trade today as participants cut down their bets, largely in line with a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in far-month April 2016 was trading lower by Rs 78 or 0.30 per cent at Rs 25,724 per 10 grams in a business turnover of just one lot.
Also, the metal for delivery in February next year shed Rs 68 or 0.26 per cent to Rs 25,611 per 10 grams in 167 lots.
Analysts said a weak trend in the overseas markets, as investors awaited a decision on an increase in interest rate at the Federal Reserve’s meet on December 15-16, weighed on the precious metal at the futures trade.
Globally, gold fell 0.3 per cent to $1,071.25 an ounce in Singapore.