Gold prices fell on Wednesday due to reduced speculator positions and weak global cues. August gold futures on MCX traded lower at Rs 71,730 per 10 grams.
New Delhi, Jun 19 (PTI) Gold prices on Wednesday declined Rs 9 to Rs 71,730 per 10 grams in futures trade as speculators reduced their positions.
On the Multi Commodity Exchange, gold contracts for August delivery traded lower Rs 9 or 0.01 per cent at Rs 71,730 per 10 grams in a business turnover of 14,537 lots.
Analysts attributed the fall in gold prices to weak global cues. Globally, gold was trading 0.14 per cent lower at USD 2,343.60 per ounce in New York.
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