Gold prices on Friday fell by Rs 111 to Rs 37,974 per 10 gram in futures trade as participants cut down their bets amid a weak global trend.
On the Multi Commodity Exchange, gold prices for delivery in February fell by Rs 111, or 0.29 per cent, to Rs 37,974 per 10 gram in a business turnover of 1,163 lots.
The yellow metal for April delivery fell by Rs 84, or 0.22 per cent, to Rs 38,035 per 10 gram in 46 lots.
Analysts attributed the fall in prices to trimming of positions by investors, tracking a weak trend in global market.
Globally, gold was trading 0.20 per cent lower at USD 1,480.20 an ounce in New York.
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