Gold prices on Thursday fell Rs 34 to Rs 37,665 per 10 gram in futures trade as participants cut down their bets.
On the Multi Commodity Exchange, gold prices for delivery in February fell by Rs 34, or 0.09 per cent, to Rs 37,665 per 10 gram in a business turnover of 15,899 lots.
The yellow metal for April delivery plunged Rs 53, or 0.14 per cent, to Rs 37,731 per 10 gram in 2,561 lots.
Analysts attributed the fall in prices to trimming of positions by investors.
Globally, gold was trading 0.18 per cent up at USD 1,477.70 an ounce in New York.
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