Gold prices on Wednesday fell by Rs 105 to Rs 39,806 per 10 gram in futures trade as participants cut down their positions in line with a weak trend overseas.
On the Multi Commodity Exchange, gold prices for delivery in February fell by Rs 105, or 0.26 per cent, to Rs 39,806 per 10 gram in a business turnover of 1,373 lots.
The yellow metal for April delivery slumped Rs 136, or 0.34 per cent, to Rs 39,895 per 10 gram in 124 lots.
Analysts said subdued overseas cues influenced sentiments here.
Globally, gold was trading 0.46 per cent lower at USD 1,550.70 an ounce in New York.
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