Gold prices drifted lower by 0.06 per cent to Rs 31,184 per 10 grams in futures trade today as participants booked profits at prevailing levels amid a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in October month declined by Rs 19, or 0.06 per cent, to Rs 31,184 per 10 grams in business turnover of 4,169 lots.
Likewise, the yellow metal for delivery in December contracts traded lower by Rs 13, or 0.04 per cent, to Rs 31,327 per 10 grams in 131 lots.
Analysts attributed the fall in gold futures to profit-booking by traders at existing levels and weakness in the precious metal in global market.
Globally, gold fell 0.43 per cent to USD 1332.50 an ounce in London.
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