Gold prices on Friday fell by Rs 52 to Rs 38,830 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 February fell by Rs 52, or 0.13 per cent, to Rs 38,830 per 10 gram in a business turnover of 16,303 lots.
The yellow metal for April delivery fell by Rs 66, or 0.17 per cent, to Rs 38,925 per 10 gram in 5,140 lots.
Analysts attributed the fall in prices to trimming of positions by investors, tracking a weak trend in global market.
Globally, gold was trading 0.07 per cent lower at USD 1,513.40 an ounce in New York.
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