Gold futures slipped by 0.35% to Rs 23,252 per 10 grams amid profit-booking by speculators and overnight weakness in the precious metal at New York.
At the Multi Commodity Exchange, gold for October delivery fell by Rs 82, or 0.35%, to Rs 23,252 per 10 gram, with a business turnover of 615 lots.
Similarly, gold for August delivery fell by Rs 77, or 0.33%, to Rs 22,963 per 10 grams. It had touched a record high of Rs 23,320 per 10 gram in yesterday's trade.
Analysts said besides profit-taking by speculators at record high levels, a weak trend overseas, where the precious metal drifted, led to the decline in gold futures prices here.
Gold plunged by $16.30, or 1.02%, to $1,588.80 an ounce in New York last evening, after touching an all-time high of $1,610.70, as debt concerns in Europe and the US spurred the demand for the metal as a protection of wealth.