Gold Futures Fall On Low Demand

Gold prices on Monday declined Rs531 to Rs76,741 per 10 grams in futures trade amid weak global cues. On the Multi Commodity Exchange, gold contracts for December delivery traded lower by Rs531 or 0.69 per cent at Rs76,741 per 10 grams in a business turnover of 10,052 lots. Analysts attributed the fall in gold prices to weak global cues. Globally, gold futures decreased by 0.59 per cent to $2,678.80 per ounce in New York.