New Delhi: Gold futures prices on Wednesday fell 0.09 percent to Rs 27,272 per 10 grams as speculators offloaded their positions amid a weak global trend.
At Multi Commodity Exchange, gold prices for delivery in June fell Rs 24, or 0.09 percent, to Rs 27,272 per 10 grams in business turnover of 266 lots.
Similarly, metal prices for delivery in far-month August declined Rs 14, or 0.05 percent, to Rs 27,512 per 10 grams in eight lots.
Market analysts said the fall in gold futures is mostly attributed to trimming of positions by speculators, tracking a weak trend overseas before the Federal Reserve releases minutes of its last meeting amid speculation that an improving housing market will boost case for higher interest rates.
Meanwhile, gold traded lower at USD 1,208.77 an ounce from USD 1,207.86 in Singapore in yesterday when prices slumped 1.4 percent, the most since April 30.
