Gold prices dipped 0.17 per cent to Rs 34,520 per 10 gram in futures trade Tuesday as speculators reduced exposure.
On the Multi Commodity Exchange, gold for delivery in August contracts fell by Rs 59, or 0.17 per cent, to Rs 34,520 per 10 gram in a business turnover of 16,384 lots.
Analysts said off-loading of positions by participants to book profits influenced gold prices at the futures trade here.
Globally, the yellow metal traded 0.21 per cent lower at USD 1,397.10 an ounce in New York.