Gold prices dipped by 0.04 per cent to Rs 34,231 per 10 gram in futures trade Thursday as speculators reduced exposure.
On the Multi Commodity Exchange, gold contracts for July delivery fell by Rs 15, or 0.04 per cent, to Rs 34,231 per 10 gram in a business turnover of 17,059 lots.
Analysts said off-loading of positions by participants to book profits mainly influenced gold prices at the futures trade.
Globally, the yellow metal traded 0.30 per cent lower at USD 1,416.70 an ounce in New York.
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