Gold prices on Thursday fell by Rs 42 to Rs 37,870 per 10 gram in futures trade as participants cut down their bets even as the metal gained overseas.
On the Multi Commodity Exchange, gold prices for delivery in February fell by Rs 42, or 0.11 per cent, to Rs 37,870 per 10 gram in a business turnover of 1,708 lots.
The yellow metal for April delivery plunged Rs 49, or 0.13 per cent, to Rs 37,921 per 10 gram in 111 lots.
Analysts attributed the fall in prices to trimming of positions by investors.
Globally, gold was trading 0.10 per cent higher at $1,480.20 an ounce in New York.
Silver prices on Thursday gained by Rs 17 to Rs 44,464 per kg in futures trade as investors widened their positions amid positive trend in spot market.
Silver for March delivery edged up by Rs 17, or 0.04 per cent, at Rs 44,464 per kg in a business turnover of 2,786 lots on the Multi Commodity Exchange.
The white metal for May delivery gained Rs 101, or 0.23 per cent, to Rs 44,962 per kg in a business turnover of 6 lots.
In the international market, silver traded almost flat at $17.05 an ounce in New York
Source: Economic Times