Gold prices fell by Rs 81 to Rs 22,250 per 10 grams in futures trade today on heavy selling by speculators, tracking a weakening global trend.
Market analyst said trading sentiments turned bearish after gold retreated in global markets as a rally to a record prompted some investors to sell.
Falling demand at existing higher levels in spot markets further influenced the trading sentiment, they added.
At the Multi Commodity Exchange, gold for delivery in December fell by Rs 81, or 0.36%, to Rs 22,250 per 10 grams, with an open interest of a single lot.
Likewise, the metal for delivery in June shed Rs 40, or 0.19%, to Rs 21,333 per 10 grams, with a business turnover of two lots.
Meanwhile, gold in overseas markets fell by 0.4% to $1,456.78 an ounce, after touching an all-time high of $1,478.18 yesterday.
