NEW DELHI, Oct 31: Gold prices fell 0.11 per cent to Rs 26,775 per 10 grams in futures trade today as speculators indulged in trimming positions amid weak cues from global markets and subdued domestic demand.
At the Multi Commodity Exchange, gold for delivery in February eased by Rs 30, or 0.11 per cent, to Rs 26,775 per 10 grams in a business turnover of 23 lots.
Likewise, the metal for delivery in December shed Rs 23, or 0.09 per cent, to Rs 26,580 per 10 grams in 585 lots.
Analysts said a weak trend in overseas markets as the US Federal Reserve ended its asset-purchase programme amid signs of an improving economy, eroding demand for precious metals, put pressure on gold prices at futures trade here.
Besides, a weakening trend at the domestic physical market on slackened demand following end of festive season, weighed on the prices, they said.
Globally, gold lost 1.03 per cent to trade USD 1,186.50 an ounce in Singapore today, the lowest since October 6. (PTI)
Follow our WhatsApp channel