Gold prices fell in futures trading on Wednesday, driven by weak global cues and reduced speculation. Learn more about the decline in gold prices on PTI.
New Delhi, Feb 7 (PTI) Gold prices on Wednesday declined Rs 120 to Rs 62,454 per 10 grams in futures trade as speculators reduced their positions.
On the Multi Commodity Exchange, gold contracts for April delivery traded lower Rs 120 or 0.19 per cent at Rs 62,454 per 10 grams in a business turnover of 14,355 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold was trading 0.11 per cent lower at USD 2,049.20 per ounce in New York.
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