Gold prices on Thursday fell Rs 54 to Rs 38,193 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 December fell by Rs 54, or 0.14 per cent, to Rs 38,193 per 10 gram in a business turnover of 1,110 lots.
The yellow metal for delivery in February plunged Rs 66, or 0.17 per cent, to Rs 38,265 per 10 gram in 70 lots.
Analysts attributed the fall in prices to trimming of positions by investors tracking a weak trend in global market.
Globally, gold was trading 0.06 per cent lower at USD 1,492.20 an ounce in New York.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)