Gold prices slipped by Rs 93 to Rs 29,496 per ten gram in futures trade today as participants lightened their positions at prevailing levels amid a weak trend overseas.
In futures trade, gold for delivery in February next year was trading Rs 93 or 0.31 per cent down at Rs 29,496 per 10 gram on the Multi Commodity Exchange with a business turnover of six lots.
The metal for delivery in December too fell by Rs 90 or 0.31 per cent to Rs 29,451 per ten gram in 685 lots.
Analysts said apart from profit-booking by speculators at existing levels, metal's fresh weakness in the overseas markets as firming dollar eroded demand for the precious metals weighed on gold futures.
In international market, gold lost 0.24 per cent to USD 1,273.20 an ounce in Singapore.
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