Gold Futures Fall Amid Weak Demand

Gold prices on Thursday declined Rs32 to Rs78,970 per 10 grams in futures trade amid fall in the spot demand.

On the Multi Commodity Exchange, gold contracts for February delivery traded lower by Rs32 or 0.04 per cent at Rs78,970 per 10 grams in a business turnover of 15,649 lots. Analysts attributed the fall in gold prices to weak global cues.

Globally, gold futures increased by 0.64 per cent to $2,718.84 per ounce in New York.