A weak trend within the domestic market on sluggish demand at prevailing high levels also put stress on gold futures prices here.
At the Multi Commodity Exchange, gold with regard to delivery in December fell by Rs 353, or 0. 39%, to Rs twenty six, 190 per 10 grams, with a business turnover of 200 lots.
Precious metal for delivery in October also lost Rs 88, or 0. 33%, in order to Rs 26, 205 per 10 grams, with a trade turnover of two, 723 lots.
Analysts said the fall in gold futures prices was mostly because of profit-booking by speculators at record high levels amid a weak trend abroad, where the precious metal fell the most since 2008 as US shares and dollar rose after reports on durable-goods orders and home prices defeat estimates.
In New York, gold plunged by $77. 90, or 4. 26%, in order to $1, 751. 30 an ounce yesterday. The metal had hit an all-time a lot of $1, 913. 50 earlier this week.
On the domestic front, gold prices within the national capital fell by Rs 350 to Rs 27, 840 per 10 gr yesterday.