Gold prices fell 0.13 percent in futures trade on May 15 as speculators were engaged in reducing their holdings amid a weak trend overseas.
On the Multi Commodity Exchange, gold for delivery in June contracts was trading lower by Rs 42, or 0.13 percent, to Rs 32,199 per 10 gram in a business turnover of 9,005 lots.
On a similar note, the August contract of gold fell by Rs 102, or 0.31 percent, to Rs 32,335 per 10 gram in a business volume of 8,123 lots.
Analysts said, off-loading of positions by participants tracking a weak trend overseas led to the fall in gold prices here.
Gold prices fell 0.15 percent to $1,294.40 an ounce in New York.
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