Gold prices moved down by 0.75 per cent to Rs 26,876 per 10 grams in futures market today as speculators trimmed positions in tandem with a weak global trend where the precious metal traded near three-weak low.
At the Multi Commodity Exchange, gold for delivery in December fell by Rs 203, or 0.75 per cent, to Rs 26,876 per 10 grams in a business turnover of 1,067 lots.
In a similar fashion, the metal for delivery in February moved down by Rs 186, or 0.68 per cent, to Rs 27,114 per kg in 18 lots.
Market analysts attributed the fall in gold futures to a weak global trend where the metal traded near a three-week low as the dollar strengthened after the Federal Reserve ended its asset-purchase programme.
Meanwhile, gold traded lower by 0.02 per cent to USD 1,211.30 an ounce in Singapore.
