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Gold futures slipped 0.37 per cent to Rs 23,197 per 10 grams, after hitting record high yesterday, as speculators indulged in booking profits amid a weak trend in the global markets.
At the Multi Commodity Exchange, gold for delivery in August fell Rs 86 or 0.37 per cent to Rs 22,915 per 10 grams with a business turnover of 2,076 lots. It closed 0.35 per cent higher at Rs 23,001 per ten grams, after galloping to a record high of Rs 23,087 per ten grams yesterday.
Similarly, October contract also lost Rs 85 or 0.37 per cent to Rs 23,197 per 10 grams with a trade turnover of 184 lots.
Analysts said profit-taking by speculators at record high levels and a weak trend overseas, where the precious metal slipped from its record $1,594.45, mainly led to the fall in gold prices at the futures trade.
Globally, gold weakened by 0.2 per cent to $1,583.65 an ounce in Singapore.
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