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Gold prices fell 0.21 per cent to Rs 27,499 per 10 grams at the futures trade today as speculators trimmed positions amid a weak trend overseas.
On the Multi Commodity Exchange, gold for delivery in August eased Rs 58 or 0.21 per cent to Rs 27,499 per 10 grams in a business turnover of 101 lots.
Similarly, the metal for delivery in October shed Rs 50 or 0.18 per cent to Rs 27,586 per 10 grams in just one lot.
US borrowing costs
Analysts said a weak trend in overseas markets as the outlook for higher borrowing costs in the US strengthened the dollar, reducing the demand for the precious metal, put pressure on gold prices at the futures trade here.
Globally, the yellow metal traded 0.4 per cent lower at $1,315.57 an ounce in Singapore today.
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