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Gold prices moved down by 0.21 per cent to Rs 27,431 per 10 gram at the futures trade today as participants offloaded positions partially, taking weak cues from the global market.
On the Multi Commodity Exchange, gold for delivery in August declined Rs 59 or 0.21 per cent to Rs 27,431 per 10 gram in a business turnover of 472 lots.
Likewise, the metal for delivery in far-month October shed Rs 38 or 0.14 per cent to Rs 27,538 per 10 gram in three lots.
Market analysts said a weak trend in the overseas markets as investors weighed the outlook for US interest-rate policy, mainly weighed on gold prices at the futures trade here.
Globally, the yellow metal lost 0.25 per cent to $1,316.70 an ounce in early trade in Singapore today.
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