Gold futures prices fell 1.19 per cent to Rs 32,598 per 10 grams today as speculators offloaded their positions, taking weak cues from the global market.
Besides, subdued spot demand and profit-booking by speculators also put pressure on gold futures.
On the Multi Commodity Exchange, gold prices for delivery in October fell Rs 390 or 1.19 per cent to Rs 32,598 per 10 grams in a business turnover of 525 lots.
Similarly, the yellow metal for delivery in far-month December declined Rs 370 or 1.12 per cent to Rs 32,685 per 10 grams in 86 lots.
Analysts said the fall in gold futures was mostly attributed to a weak trend overseas as prospects for an attack against Syria receded, and on bets that the US Federal Reserve will start to pare stimulus as the economy improves.
Subdued demand at the domestic spot market and profit-booking by speculators at prevailing levels, too put pressure on the prices, they said.
Globally, gold prices fell 1.6 per cent to $1,373.38 an ounce in Singapore, its lowest level since August 23.