Gold prices fell by Rs 119 to Rs 31,613 per 10 gram in futures trade Thursday amid profit-booking by traders at prevailing levels even as the precious metal rose overseas.
In futures trade at the Multi Commodity Exchange, gold for delivery in February shed Rs 119, or 0.38 per cent, to Rs 31,613 per 10 gram in a business turnover of 14,522 lots.
Analysts attributed the fall in gold futures to profit booking by traders at the existing level but a firm trend overseas kept losses limited.
Globally, gold was trading 0.14 per cent higher at USD 1,246.16 an ounce in Singapore Wednesday.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)