Gold prices fell in India's futures market on Tuesday, driven by reduced speculation and weak global cues. Gold traded lower in New York, with prices dropping 0.22%.
New Delhi, Jun 25 (PTI) Gold prices on Tuesday declined Rs 161 to Rs 71,630 per 10 grams in futures trade as speculators reduced their positions.
On the Multi Commodity Exchange, gold contracts for August delivery traded lower Rs 161 or 0.22 per cent at Rs 71,630 per 10 grams in a business turnover of 14,320 lots.
Analysts attributed the fall in gold prices to weak global cues. Globally, gold was trading 0.22 per cent lower at USD 2,339.30 per ounce in New York.
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