Gold prices on Friday fell by Rs 304 to Rs 37,962 per 10 gram in futures trade amid profit-booking by speculators on low demand.
On the Multi Commodity Exchange, gold contracts for December delivery traded lower by Rs 304, or 0.79 per cent, at Rs 37,962 per 10 gram in a business turnover of 2,928 lots.
Similarly, the metal for delivery in February was down by Rs 326 to Rs 37,961 per 10 gram in 210 lots.
Analysts attributed the fall in gold prices to trimming of positions by participants to book profits.
Globally, gold traded 0.56 per cent down at USD 1,465.10 an ounce in New York.
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