Gold futures slip on low demand

New Delhi, Jul 15 (PTI) Gold prices on Monday declined Rs 224 to Rs 73,045 per 10 grams in futures trade as speculators reduced their positions.

On the Multi Commodity Exchange, gold contracts for August delivery traded lower Rs 224 or 0.31 per cent at Rs 73,045 per 10 grams in a business turnover of 12,021 lots.

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

Globally, gold was trading 0.57 per cent lower at USD 2,406.80 per ounce in New York.