Gold futures fall on low demand

New Delhi, Aug 21 (PTI) Gold prices on Monday fell by Rs 43 to Rs 58,332 per 10 gram in futures trade as speculators reduced their positions.

On the Multi Commodity Exchange, gold contracts for October delivery traded lower by Rs 43 or 0.07 per cent to Rs 58,332 per 10 grams in a business turnover of 13,148 lots.

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

Globally, gold was trading 0.08 per cent higher at USD 1,918 per ounce in New York.