At the Multi Commodity Exchange, gold for delivery in far-month February 2015 contracted by Rs 31,or 0.12 per cent to Rs 26,763 per ten gram in business turnover of 720 lots.
The December contract of the metal shed Rs 5, or 0.02 per cent to Rs 26,321 per ten gram in 5,517 lots.
Analysts said speculators trimmed positions, tracking a weak trend overseas mainly led to the decline in gold prices at futures trade.
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