Gold prices traded marginally lower by Rs 23 to Rs 28,060 per 10 grams in futures trade today as speculators booked profits driven by fall in demand at prevailing higher levels.
At the Multi Commodity Exchange, gold for delivery in February traded lower by Rs 23, or 0.08%, to Rs 28,060 per 10 grams, with a business turnover of 554 lots.
April gold lost Rs 5, or 0.02%, to Rs 28,414 per 10 grams, with a business turnover of 7,565 lots.
Market analysts said besides profit-booking by speculators, sluggish demand at prevailing higher levels in the spot market mainly led to the decline in gold futures prices.
Silver prices, in the meanwhile, shed Rs 147 to Rs 56,687 per kg in futures trade today as speculators offloaded their positions on the back of sluggish spot demand.
March silver fell by Rs 147, or 0.26%, to Rs 56,687 per kg on the MCX, with a business turnover of 10,167 lots.
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The May contract lost Rs 106, or 0.18%, to Rs 58,043 per kg, with a business turnover of 395 lots.
Marketmen said speculators offloaded their positions on sluggish demand at existing higher levels, which mainly pulled down silver prices at futures market.