Gold futures marginally declined Rs12 to Rs71,570 per 10 grams in futures trade as speculators reduced their positions. Silver futures fell Rs164 to Rs89,376 per kilogram as participants reduced their bets.
On Multi Commodity Exchange (MCX), gold contracts for August delivery traded marginally lower Rs12 or 0.02 per cent at Rs71,570 per 10 grams in a business turnover of 14,094 lots. Analysts attributed the fall in gold prices to weak global cues. Globally, gold was trading 0.21 per cent lower at $2,334.70 per ounce in New York.