Gold prices on Wednesday fell Rs 96 to Rs 37,622 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 96, or 0.25 per cent, to Rs 37,622 per 10 gram in a business turnover of 1,624 lots.
The yellow metal for February delivery plunged Rs 79, or 0.21 per cent, to Rs 37,714 per 10 gram in 321 lots.
Analysts attributed the fall in prices to trimming of positions by investors, tracking a weak trend in global market.
Globally, gold was trading 0.12 per cent lower at USD 1,465.60 an ounce in New York.