Gold today slipped from record high by losing 0.39% to Rs 29,058 per 10 grams in the futures market as speculators indulged in booking profits amid a weakening trend overseas.
At the Multi Commodity Exchange, December gold, which hit a record high of Rs 29,477 in yesterday's trade, declined by Rs 113, or 0.39%, to Rs 29,058 per 10 grams, with a trading volume of 240 lots.
The February contract lost Rs 110, or 0.37%, to Rs 29,367 per 10 grams, with an open interest of 127 lots.
Traders said offloading of positions by speculators at record levels and a weak trend overseas on lower euro on fears that the euro zone debt crisis could spread to France, mainly led to a fall in gold prices at futures trade here.
Meanwhile, gold fell by 0.93% to $1,764.60 an ounce in the Asian region.
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