Gold futures slip on low demand

Gold prices on Tuesday declined Rs93 to Rs70,645 per 10 grams in futures trade amid weak global cues. On the Multi Commodity Exchange, gold contracts for October delivery traded lower by Rs93 or 0.13 per cent to Rs70,645 per 10 grams in a business turnover of 17,454 lots. Analysts attributed the fall in gold prices to weak global cues. Globally, gold prices went up by 0.02 per cent to $2,504.50 per ounce in New York.