Amid a weak trend overseas and profit-booking by speculators, gold prices fell marginally by 0.16 per cent to Rs 27,620 per 10 gm at the futures trade today.
On the Multi Commodity Exchange, gold for delivery in October eased by Rs 45 or 0.16 per cent to Rs 27,620 per 10 gm in a business turnover of 2,651 lots. Likewise, the metal for delivery in August shed Rs 10 or 0.03 per cent to Rs 27,570 per 10 gm in 9,900 lots.
Analysts said besides a weak trend overseas, where gold fell from a one-month high in London after the biggest advance in a year spurred some investors to sell the metal, profit-booking by speculators has put pressure on the futures trade here.
Globally, the yellow metal fell $6.60 or 0.49 per cent to $1,328.60 an ounce in London today after reaching $1,341.10 yesterday.