Gold futures fall on low demand, check today’s rate here

New Delhi: Gold prices on Tuesday fell by Rs 56 to Rs 50,814 per 10 grams in futures trade as speculators reduced their positions amid low demand. On the Multi Commodity Exchange, gold contracts for August delivery traded lower by Rs 56 or 0.11 per cent at Rs 50,814 per 10 grams in a business […]

New Delhi: Gold prices on Tuesday fell by Rs 56 to Rs 50,814 per 10 grams in futures trade as speculators reduced their positions amid low demand.

On the Multi Commodity Exchange, gold contracts for August delivery traded lower by Rs 56 or 0.11 per cent at Rs 50,814 per 10 grams in a business turnover of 14,455 lots.

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Analysts attributed the fall in gold prices to trimming of positions by participants.

Globally, gold was trading 0.18 per cent higher at USD 1,847.10 per ounce in New York.