At Multi Commodity Exchange, gold for delivery in August was down Rs 73, or 0.26 per cent, to Rs 27,711 per 10 grams in a business turnover of 40 lots.
Similarly, the metal for delivery in far-month October contracts was trading lower by Rs 64, or 0.23 per cent, to Rs 27,888 per 10 grams in 18 lots.
Analysts attributed the fall in prices to a weak trend overseas as a relatively solid US jobs data raised hopes for higher US interest rate this year, eroding demand for the precious metal as a safe haven investment.
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