Gold futures fall on low demand

New Delhi, Aug 31 (PTI) Gold prices on Thursday fell by Rs 13 to Rs 59,465 per 10 grams in futures trade as speculators reduced their positions.

On the Multi Commodity Exchange, gold contracts for October delivery traded lower by Rs 13 or 0.02 per cent to Rs 59,465 per 10 grams in a business turnover of 12,407 lots.

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

Globally, gold was trading 0.03 per cent lower at USD 1,972.50 per ounce in New York.