Tracking a weak global trend, gold prices fell by 0.20 per cent to Rs 27,800 per 10 grams in futures trade today as speculators offloaded their positions.
At the Multi Commodity Exchange, gold for delivery in far-month April declined by Rs 56, or 0.20 per cent to Rs 27,800 per ten grams in business turnover of 1,328 lots.
Likewise, the metal for delivery in February contracts shed Rs 37, or 0.13 per cent to Rs 27,722 per ten gram in 8,098 lots.
Market analysts said the fall in gold futures was mostly due to offloading of positions by speculators on the back of weakening trend in the global market.
Meanwhile, gold fell 0.5 per cent to USD 1,278.27 an ounce in Singapore.
