Domestic gold prices declined by Rs 34 to Rs 18,475 per ten gram in futures trading today as traders reduced their positions on the back of weakening global trend.
At the Multi Commodity Exchange, gold for August month contract declined by Rs 34, or 0.18 per cent to Rs 18,475 per ten gram with an open interest of 18647 lots.
The yellow metal for delivery in October month also fell by Rs 31, or 0.17 per cent to Rs 18,560 per ten gram in 2225 lots.
Market experts said fresh selling by traders in tandem with a weakening global trend mainly led to fall in gold prices at futures trade.
Meanwhile, gold shed $1.50 to $1207.40 an ounce in Asia.
