At the Multi Commodity Exchange, gold prices for delivery in February declined Rs 87, or 0.31 per cent, to Rs 27,861 per ten grams in a business turnover of 992 lots.
Similarly, the metal for delivery in far-month April was trading lower by Rs 67, or 0.24 per cent, to Rs 27,840 per ten grams in 76 lots.
Analysts attributed the fall in prices to trimming of positions by participants, tracking a weak trend in global market.
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