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Gold futures slip on low demand
image for illustrative purpose
Gold prices on Monday declined Rs186 to Rs72,865 per 10 grams in futures trade as speculators reduced their positions.
On the Multi Commodity Exchange, gold contracts for August delivery traded marginally lower Rs186 or 0.25 per cent at Rs72,865 per 10 grams in a business turnover of 13,670 lots. Analysts attributed the fall in gold prices to weak global cues.
Globally, gold was trading 0.38 per cent lower at $2,388.50 per ounce in New York.
