Gold futures traded 0.21 per cent lower at Rs 31,530 per 10 grams today as participants locked in gains amid a weak trend overseas.
At the Multi Commodity Exchange, gold for delivery in far-month October fell Rs 66 or 0.21 per cent to Rs 31,530 per 10 grams in a business turnover of 654 lots.
The metal for delivery in August traded lower by Rs 59 or 0.19 per cent at Rs 31,490 per 10 grams in 171 lots.
Analysts said offloading of positions by traders to book profits at current levels and a weak trend in the overseas markets mainly influenced gold prices at the futures trade.
Globally, gold traded lower by 0.03 per cent at $1,350 an ounce in Singapore.