Gold prices fell by 0.53 per cent to Rs 26,982 per 10 grams in futures trade today as speculators offloaded positions, tracking a weak global trend.
Besides, subdued demand in the spot market has put pressure on gold prices.
At the Multi Commodity Exchange, gold for delivery in August fell by Rs 143, or 0.53 per cent to Rs 26,982 per ten grams in business turnover of 4,351 lots.
Similarly, the metal for delivery in June traded lower by Rs 119, or 0.44 per cent to Rs 26,741 per ten grams in 1,586 lots.
Market analysts attributed the fall in gold futures to a weak global trend as the dollar strengthened against the euro after Greece struggled to reach a deal with creditors.
Meanwhile, gold dropped 0.3 per cent to USD 1,186.87 an ounce in London.
