Gold futures on the Multi Commodity Exchange were trading lower by 0.21 per cent at Rs 27,183 per 10 grams at 2.29 p.m. on Thursday.
August contract opened higher at Rs 27,255 against the previous close of Rs 27,240. It made a high of Rs 27,304 and low of Rs 27,120.
In Comex, the yellow metal for August delivery was up by $0.5 at $1,320 a troy ounce at 2.25 p.m.
On the Multi Commodity Exchange, gold prices for delivery in October fell Rs 96 or 0.35 per cent to Rs 27,145 per 10 grams in a business turnover of 931 lots. Similarly, August contracts declined by Rs 79 or 0.29 per cent to Rs 27,161 per 10 grams in 4,114 lots.
Market analysts said the fall in gold futures was mostly attributed to profit-booking by speculators and a weak trend overseas amid speculation the price rally this month may damp demand.
Meanwhile, gold prices fell 0.5 per cent to $1,315.30 an ounce in Singapore.