New Delhi: Gold futures fell 0.50 percent to Rs 27,024 per 10 grams on Monday as participants indulged in reducing exposures, largely in line with a global trend.
At the Multi Commodity Exchange (MCX), gold for delivery in February contracts eased by Rs 135, or 0.50 percent, to trade at Rs 27,074 per 10 grams in a turnover of 41 lots.
Globally, gold lost as much as 0.70 percent to USD 1,213.52 an ounce in Singapore.
Analysts said a weakening trend overseas ahead of Federal Reserve meets to assess a pledge to keep borrowing costs low for a considerable time and provide guidance on the outlook for monetary policy, weighed on gold prices at futures trade here.
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