Tracking a weak global trend, gold prices declined by Rs 52 to Rs 22,066 per 10 grams in futures trade today.
Trading sentiment turned bearish after gold declined in global markets on speculation that investors are locking their gains after the price rose to a record level earlier. Besides, central bank efforts to combat inflation curbed demand for precious metals.
At the Multi Commodity Exchange, gold for December contract declined by Rs 52, or 0.24% to Rs 22,066 per 10 grams in a single lot.
Similarly, the yellow metal for June contract lost Rs 27, or 0.12% to Rs 21,750 per 10 grams in 2 lots.
Market Analysts said speculators off-loaded their positions on the back of a weak global trend.
Meanwhile, gold fell by 0.4% to $1,454.45 an ounce in the Asian region.
