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Gold prices fell 0.23% to Rs 27,420 per 10 gram in futures trade today as participants reduced their positions largely with a weak trend overseas amidst subdued demand at domestic spot markets.
At the Multi Commodity Exchange, gold for delivery in June contracts eased by Rs 63, or 0.23%, to Rs 27,420 per 10 gram in business turnover of 446 lots.
Likewise, the metal for delivery in August shed Rs 17, or 0.03%, to Rs 26,855 per 10 gram in 55 lots.
Market analysts said there is a weakening trend in the overseas markets as the euro weakened against dollar, reducing the appeal of the metal and pressuring the gold prices in futures trade.
Globally, gold fell to $1,291.840 an ounce in Singapore from $1,292.91 yesterday.
