Gold futures fell by over 2 percent in the early hours of trading on Tuesday. Gold stocks had earlier rallied on account of rising gold prices and a weakening dollar. However, the price of the metal fell on Tuesday as traders booked profits, resulting in a decline in gold stocks. Gold futures had risen by $4.10 to close at $754.10 an ounce on Monday. The prices dropped by $16.60 to $737.50 an ounce on the New York Mercantile Exchange on Tuesday.