Gold futures fall on low demand

Gold prices on Tuesday fell ₹88 to ₹59,331 per 10 grams in futures trade as speculators reduced their positions.

On the Multi Commodity Exchange, gold contracts for June delivery traded lower by ₹88 or 0.15 per cent at ₹59,331 per 10 grams in a business turnover of 851 lots.

Analysts attributed the fall in gold prices to the trimming of positions by participants.

Globally, gold was trading 0.35 per cent lower at $1,956.30 per ounce in New York.

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