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Tracking a weak global trend, gold prices fell 0.36% to Rs 26,605 per 10 grams in futures market today as speculators trimmed their positions.
At the Multi Commodity Exchange, gold for delivery in December was down by Rs 95, or 0.36%, to Rs 26,605 per 10 grams in a business turnover of 26 lots.
Similarly, the metal for delivery in October lost Rs 90, or 0.32%, to Rs 26,406 per 10 grams in 354 lots.
Analysts said the fall in gold futures was mostly in line with a weakening trend in the global market where metal prices fell to an eight-month low as the outlook for higher US borrowing costs strengthened the dollar, dampening demand for a store of value.
Meanwhile, gold in Singapore dropped as much as 0.60% to $1,208.40 an ounce, the lowest price since January 2.
