Gold prices on Thursday fell Rs 47 to Rs 38,108 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 47, or 0.12 per cent, to Rs 38,108 per 10 gram in a business turnover of 1,876 lots.
The yellow metal for February delivery plunged Rs 32, or 0.08 per cent, to Rs 38,190 per 10 gram in 409 lots.
Analysts attributed the fall in prices to trimming of positions by investors, tracking a weak trend in global market.
Globally, gold was trading 0.24 per cent lower at USD 1,470.70 an ounce in New York.