Gold futures slip on low demand

New Delhi, Jun 13 (PTI) Gold prices on Thursday declined by Rs 468 to Rs 71,502 per 10 grams in futures trade as speculators reduced their positions.

On the Multi Commodity Exchange, gold contracts for August delivery traded lower Rs 468 or 0.65 per cent at Rs 71,502 per 10 grams in a business turnover of 14,896 lots.

Analysts attributed the fall in gold prices to weak global cues.

Globally, gold was trading 1.01 per cent lower at USD 2,330.90 per ounce in New York.