Gold futures traded a shade lower at Rs 26,833 per 10 grams as speculators offloaded their positions amid a weak global trend.
At Multi Commodity Exchange, gold prices for delivery in June fell by Rs 17, or 0.06 per cent, to Rs 26,833 per 10 grams in business turnover of 40 lots.
Similarly, metal prices for delivery in August declined by Rs 12, or 0.04 per cent, to Rs 27,130 per 10 grams in 3,923 lots.
Market analysts said the fall in gold futures is mostly attributed to trimming of positions by speculators, tracking a weak trend overseas as investors reduced their holdings in bullion-backed exchange-traded products to the lowest level since 2009.
Meanwhile, gold traded 0.44 per cent lower at USD 1,187.40 an ounce in London.
