Gold futures fall on low demand

New Delhi, Jun 8 (PTI) Gold prices on Thursday fell Rs 38 to Rs 59,465 per 10 grams in futures trade as speculators reduced their positions.

On the Multi Commodity Exchange, gold contracts for August delivery traded lower by Rs 38 or 0.06 per cent at Rs 59,465 per 10 grams in a business turnover of 14,330 lots.

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

Globally, gold was trading 0.10 per cent higher at USD 1,960.40 per ounce in New York.