Gold prices in India fell on Friday due to reduced speculator positions and weak global cues. Gold was trading lower in New York.
New Delhi, Dec 29 (PTI) Gold prices on Friday fell Rs 59 to Rs 63,330 per 10 grams in futures trade as speculators reduced their positions.
On the Multi Commodity Exchange, gold contracts for February delivery traded lower by Rs 59 or 0.09 per cent at Rs 63,330 per 10 grams in a business turnover of 15,832 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold was trading 0.13 per cent lower at USD 2,080.70 per ounce in New York.
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