Gold futures prices declined by Rs 53 to Rs 29,196 per 10 grams on Tuesday, as speculators booked profits at existing higher levels amid a weakening global trend.
At the Multi Commodity exchange, gold for delivery in February declined by Rs 53, or 0.18 per cent, to Rs 29,196 per 10 grams, with a business turnover of 513 lots.
Similarly, the metal for delivery in December lost Rs 40, or 0.14 per cent, to Rs 28,898 per 10 grams, with a trade volume of 6,784 lots.
Market analysts said besides profit-booking by speculators at existing higher levels, reports of a weakening global trend mainly led to the decline in gold futures prices.
Meanwhile, gold dropped by 0.8 per cent to $1,765.53 an ounce in Singapore.
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