On the Multi Commodity Exchange, gold prices for April delivery fell by Rs 363, or 0.91 per cent, to Rs 39,360 per 10 gram in a business turnover of 2,555 lots.
The yellow metal for June delivery declined by Rs 338, or 0.85 per cent, to Rs 39,565 per 10 gram in 297 lots.
Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas.
Globally, gold was trading 0.10 per cent lower at USD 1,476.40 per ounce in New York. VHP SHWSHW