On Thursday, gold prices fell by Rs 1,207, settling at Rs 1,38,509 per 10 grams in futures trade, influenced by a decline in spot demand.
On the Multi Commodity Exchange, yellow metal contracts for December delivery experienced a decline of Rs 1,207, or 0.86 percent, settling at Rs 1,38,509 per 10 grams, with a business turnover of 16,628 lots.
Analysts have linked the decrease in precious metal prices to a reduction in spot demand.
