Gold prices moved down by 0.12 per cent to Rs 27,402 per 10 grams at the futures trade today after participants offloaded partial positions amid weak cues from the global market.
On the Multi Commodity Exchange, gold for delivery in February next year eased by Rs 34 or 0.12 per cent to Rs 27,402 per 10 grams in a business turnover of five lots.
Likewise, the metal for delivery in December shed Rs 16 or 0.06 per cent to Rs 27,240 per 10 grams in 389 lots.
Market analysts said a weak trend in the overseas market as a rebound in global equities reduced the demand for a haven, mainly weighed on gold prices at the futures trade here.
Globally, gold fell 0.3 per cent to $1,234.74 an ounce in Singapore today.