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Tracking a weak global trend, gold prices fell 0.57 per cent to Rs 33,438 per 10 grams at the futures trade today as speculators indulged in trimming their positions.
On the Multi Commodity Exchange, gold for delivery in far-month December fell Rs 193 or 0.57 per cent to Rs 33,438 per 10 grams in a business turnover of 12 lots. Similarly, the yellow metal for delivery in October lost Rs 174 or 0.52 per cent to Rs 33,476 per 10 grams in 305 lots.
Market analysts said the fall in gold futures was mostly attributed to a weakening trend in the global market after better-than-expected US economic data backed the case for the Federal Reserve to wind down it stimulus.
Besides, a weak trend at the domestic spot market due to subdued demand at prevailing levels also weighed on the prices, they said.
Meanwhile, gold in Singapore dropped 0.4 per cent to $1,402.65 an ounce.
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