Gold prices declined in futures trading on Friday due to reduced speculative positions and weak global cues. Learn more about the gold market trends.
New Delhi, Jan 5 (PTI) Gold prices on Friday fell Rs 55 to Rs 62,585 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 55 or 0.09 per cent at Rs 62,585 per 10 grams in a business turnover of 12,876 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold was trading 0.03 per cent higher at USD 2,050.70 per ounce in New York.
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