Gold futures fall on low demand

New Delhi, Jul 10 (PTI) Gold prices on Monday fell Rs 47 to Rs 58,735 per 10 gram in futures trade as speculators reduced their positions.

On the Multi Commodity Exchange, gold contracts for August delivery traded lower by Rs 47 or 0.08 per cent to Rs 58,735 per 10 gram in a business turnover of 10,800 lots.

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

Gold was trading 0.14 per cent lower at USD 1,929.80 per ounce in New York.