At Multi Commodity Exchange, gold for delivery in far-month October fell by Rs 66 or 0.21 per cent to Rs 31,530 per 10 grams in business turnover of 654 lots.
The metal for delivery in August contracts traded lower by Rs 59 or 0.19 per cent to Rs 31,490 per 10 grams in 171 lots.
Analysts said offloading of positions by traders to book profits at current levels and a weak trend in the overseas markets mainly influenced gold prices at the futures trade.
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