Gold futures fall on low demand

New Delhi, May 22 (PTI) Gold price on Wednesday declined Rs 121 to Rs 73,900 per 10 grams in futures trade as speculators reduced their positions.

On the MCX, gold contracts for June delivery traded lower Rs 121 at Rs 73,900 per 10 grams in a business turnover of 9,431 lots.

Analysts attributed the fall in the precious metal price to weak global cues.

Globally, gold was trading 0.33 per cent lower at USD 2,441 per ounce in New York.