Commodities Capsule: Gold futures fall on low demand

Commodities Capsule: 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.