Gold prices fell by Rs 38, or 0.21 per cent, to Rs 17,910 per ten gram in futures trade today, as traders reduced their positions on the back of a weakening global trend.
At the Multi Commodity Exchange, gold for delivery in December fell by Rs 38, or 0.21 per cent, to Rs 17,910 per ten gram, with an open interest of 798 lots.
Similarly, the metal for delivery in August declined by Rs 28, or 0.16 per cent, to Rs 17,726 per ten gram, with an open interest of 16,133 lots.
Marketmen said fresh selling by traders in tandem with a weakening global trend led to a fall in gold prices at futures trade.
Meanwhile, gold recorded a steep fall of $20.50, to $1,161.60 an ounce in New York last evening.
