Gold futures fall on low demand

New Delhi, Oct 25 (PTI) Gold prices on Friday declined Rs 127 to Rs 78,200 per 10 grams in futures trade amid weak global cues.

On the Multi Commodity Exchange, gold contracts for December delivery traded lower by Rs 127 or 0.16 per cent at Rs 78,200 per 10 grams in a business turnover of 14,638 lots.

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

Globally, gold futures decreased 0.15 per cent to USD 2,732.08 per ounce in New York.