Gold prices on Tuesday fell Rs 72 to Rs 37,880 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 72, or 0.19 per cent, to Rs 37,880 per 10 gram in a business turnover of 20 lots.
The yellow metal for February delivery plunged Rs 114, or 0.3 per cent, to Rs 37,835 per 10 gram in 1,716 lots.
Analysts attributed the fall in prices to trimming of positions by investors, tracking a weak trend in global market.
Globally, gold was trading 0.18 per cent lower at USD 1,466.50 an ounce in New York.
Disclaimer: No Business Standard Journalist was involved in creation of this content