India gold futures fell by about 1.5 percent on Monday afternoon to hit their lowest level in a week, following a weak trend in the overseas markets and a stronger rupee at home.

The most-active gold for December delivery on the Multi Commodity Exchange (MCX) was 1.27 percent lower at 27,208 rupees per 10 grams, after hitting a low of 27,152 rupees, a level last seen on Oct. 25.