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Gold prices moved down by 0.30% to Rs 27,620 per 10 gram in futures trade today after participants offloaded partial positions, taking weak cues from the global market.
Gold for immediate delivery lost as much as 1.41% to USD 1,196.70 an ounce in New York yesterday.
At the Multi Commodity Exchange, gold for delivery in far-month April eased by Rs 83, or 0.30%, to Rs 27,620 per 10 gm in business turnover of three lots.
Likewise, the metal for delivery in February shed Rs 80, or 0.28%, to Rs 28,279 per 10 gm in 245 lots.
Market analysts said a weak trend in the overseas markets as an improving US economy cut demand for wealth protection, mainly weighed on the gold prices at futures trade here.
