Gold prices fell by Rs 56, or 0.31 per cent, to Rs 18,053 per ten gram in futures trade today, as speculators indulged in profit bookings at existing higher levels, supported by a weak trend at the spot market.
At the Multi Commodity Exchange, gold for October month fell by Rs 56, or 0.31 per cent, to Rs 18,053 per ten gram with an open interest of 15,419 lots.
Similarly, the metal for delivery in December month declined by Rs 55, or 0.30 per cent, to Rs 18,140 per ten gram in 1,494 lots.
Marketmen said profit-taking by speculators at existing higher levels and fall in demand in the spot market mainly pulled down gold prices in futures trade.