Gold futures fall on low demand

New Delhi, Jul 21 (PTI) Gold prices on Friday fell by Rs 195 to Rs 59,357 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 195 or 0.33 per cent to Rs 59,357 per 10 grams in a business turnover of 7,236 lots.

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

Globally, gold was trading 0.23 per cent lower at USD 2,005.20 per ounce in New York.