Gold prices fell by 0.93% to Rs 26,212 per 10 grams in futures trade today on offloading of positions by speculators, tracking weak foreign markets.
At the Multi Commodity Exchange, December gold fell by Rs 246, or 0.93%, to Rs 26,212 per 10 grams in 1,405 lots.
The February contract lost Rs 249, or 0.93%, to Rs 26,480 per 10 grams in 103 lots.
Analysts attributed the fall in gold futures prices at home to a weak global trend as the strengthening dollar reduced the precious metal's appeal as an alternative investment.
In addition, a weak trend in the domestic market despite the ongoing festive season also put pressure on gold prices in futures trade here, they said.
Meanwhile, gold fell by 1% to $1,623.97 an ounce in early trade in the Asian region.