Gold futures fall on low demand

Gold futures declined Rs144 to Rs62,157 per 10 grams in futures trade as speculators reduced their positions. On the Multi Commodity Exchange (MCX), gold contracts for April delivery traded lower Rs144 or 0.23 per cent at Rs62,157 per 10 grams in a business turnover of 12,941 lots.

Analysts attributed the fall in gold prices to weak global cues. Globally, gold was trading 0.36 per cent lower at $2,036.80 per ounce in New York.