Gold futures prices today fell by 0.32% to Rs 26,550 per 10 grams as participants indulged in reducing exposures, largely in tandem with a global trend as firming dollar reduced appeal for safe haven investment.
At the Multi Commodity Exchange (MCX), the August contract fell by Rs 85, or 0.32%, to trade at Rs 26,550 per 10 grams in 109 lots.
The June contract shed Rs 83, or 0.31%, to Rs 26,363 per 10 gm in 760 lots.
Globally, gold lost as much as 0.50% to $1,387.18 an ounce in Singapore.
Analysts said a weakening trend overseas as the dollar strengthened before data that is forecast to show the US economy is improving, boosting the case for reduced stimulus, reducing demand for the metal as an alternative investment, weighed on gold prices at futures trade.
