Gold futures slip on low demand

New Delhi, Jul 2 (PTI) Gold prices on Tuesday marginally declined Rs 29 to Rs 71,625 per 10 grams in futures trade as speculators reduced their positions.

On the Multi Commodity Exchange, gold contracts for August delivery traded marginally lower Rs 29 or 0.04 per cent at Rs 71,625 per 10 grams in a business turnover of 14,291 lots.

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

Globally, gold was trading 0.09 per cent lower at USD 2,336.80 per ounce in New York.