On the Multi Commodity Exchange, gold prices for delivery in February fell by Rs 102, or 0.25 per cent, to Rs 40,140 per 10 gram in a business turnover of 1,862 lots.
The yellow metal for April delivery slumped Rs 128, or 0.32 per cent, to Rs 40,245 per 10 gram in 919 lots.
Analysts said subdued overseas cues influenced sentiments here.
Globally, gold was trading 0.26 per cent lower at USD 1,571.70 an ounce in New York. VHP RUJ RUJ