Gold prices declined by Rs 94, or 0.34%, to Rs 27,494 per 10 grams in futures trade today in tandem with a weakening global trend amid profit-booking by speculators.
At the Multi Commodity exchange, February gold eased by Rs 94, or 0.34%, to Rs 27,494 per 10 grams, with a business turnover of 2,916 lots.
The April delivery lost Rs 86, or 0.31%, to Rs 27,856 per 10 grams, with a trading volume of 174 lots.
Globally, gold for February delivery fell as much as 0.3% to $1,651.50 an ounce on the Comex in New York, after climbing to $1,668 yesterday, the highest level since December 13.
Analysts said reports of a weakening trend in precious metals and a strong Indian rupee mainly put pressure on the gold prices at futures trade here.
Meanwhile, rupee strengthened by 16 paise to trade at a fresh two-month high of Rs 50.57 per US dollar at the forex market in early trade today.
