Tracking weak trend overseas, gold futures fell 0.11% to Rs. 27,835 per 10 grams on Wednesday as speculators reduced their exposures amidst a weak global trend.
At the Multi Commodity Exchange, gold for delivery in August month contracts fell by Rs. 31, or 0.11%, to Rs. 27,835 per 10 grams in a business turnover of 525 lots.
On similar lines, the metal for delivery in far-month October eased by Rs. 6, or 0.02%, to Rs. 27,940 per 10 grams in 113 lots.
Market analysts said the fall in gold futures was mostly in line with a weak trend overseas.
Meanwhile, gold prices fell by 0.03% to trade at one-week low of $1,299.40 an ounce in Singapore on Wednesday.