Gold prices fell by Rs 106 or 0.56 per cent to Rs 18,743 per kg in futures trade today on emergence of profit booking by speculators at existing higher levels, though the metal gained in overseas markets.
At the Multi Commodity Exchange, gold for August-month contract fell by Rs 106, or 0.56 per cent to Rs 18,743 per ten gram, with an open interest of 18,605 lots.
Similarly, the metal for delivery in October contract declined by Rs 102, or 0.54 per cent to Rs 18,824 per ten gram, with a business volume of 1,603 lots.
Traders said emergence of profit-selling at existing higher levels in spot markets, though the metal rose overseas, which normally sets the price trend here, failed to check the downfall.
Meanwhile, gold gained $2.50 to $1,259 an ounce in the Asian region.