Gold prices declined by Rs 35, or 0.19 per cent, to Rs 18,612 per ten gram in futures trade today, as speculators made profits, driven by a weak demand at existing higher levels in the spot market.
At the Multi Commodity Exchange counter, gold for December fell by Rs 35, or 0.19 per cent, to Rs 18,612 per ten gram, with an open interest of 2,151 lots.
Similarly, the metal for delivery in October lost Rs 32, or 0.17 per cent, to Rs 18,518 per ten gram, with a business turnover of 21,030 lots.
Marketmen said profit-booking by speculators due to fall in demand at existing higher levels in the spot market mainly led to a fall in gold prices at futures trade.