Gold prices in India declined on Thursday due to reduced speculator positions and weak global cues. Read more about the fall in gold prices on PTI.
New Delhi, Jun 27 (PTI) Gold prices on Thursday declined Rs 97 to Rs 70,992 per 10 grams in futures trade as speculators reduced their positions.
On the Multi Commodity Exchange, gold contracts for August delivery traded lower Rs 97 or 0.14 per cent at Rs 70,992 per 10 grams in a business turnover of 14,419 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold was trading 0.03 per cent lower at USD 2,312.40 per ounce in New York.
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