Gold futures fall amid weak demand

New Delhi, Dec 12 (PTI) Gold prices on Thursday declined Rs 32 to Rs 78,970 per 10 grams in futures trade amid fall in the spot demand.

On the Multi Commodity Exchange, gold contracts for February delivery traded lower by Rs 32 or 0.04 per cent at Rs 78,970 per 10 grams in a business turnover of 15,649 lots.

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

Globally, gold futures increased by 0.64 per cent to USD 2,718.84 per ounce in New York.