Gold prices fell 1.19 per cent to Rs 32,598 per 10 grams in futures trade on Monday, as speculators offloaded their positions. Analysts said the fall in gold futures was mostly attributed to a weak trend overseas as prospects for an attack against Syria receded, and on bets the US Federal Reserve will start to pare stimulus as the economy improves. Globally, gold prices fell 1.6 per cent to trade at $1,373.38 an ounce in Singapore, its lowest level since August 23. Analysts said slackened demand at domestic spot markets and profit-booking by speculators at prevailing levels, too put pressure on the prices. At the Multi Commodity Exchange, gold prices for delivery in October fell by Rs 390, or 1.19 per cent, to Rs 32,598 per 10 grams in business turnover of 525 lots. Similarly, metal prices for delivery in the far-month December declined by Rs 370, or 1.12 per cent, to Rs 32,685 per 10 grams in 86 lots.

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