Tracking a weakening global trend, gold prices slipped from a record level over Rs 30,000 by losing Rs 108 to Rs 29,991 per 10 grams in futures trade today on profit-booking.

Sentiment turned bearish as gold in international markets declined as speculators judged the recent upsurge was overdone and booked profits.

At the MCX, gold for delivery in August fell by Rs 108, or 0.36% to Rs 29,991 per 10 grams in business turnover of 5,118 lots.

The June contract lost Rs 81, or 0.27%, to Rs 29,785 per 10 grams in 131 lots.

Market analysts attributed the fall in gold futures to weakening global trend.

In Singapore, gold fell 0.6% to $1,614.88 ounce. It had climbed 4.1% on June 1, the most since January 2009.