Gold futures fall on low demand

Gold prices on Wednesday fell Rs 52 to Rs 61,129 per 10 grams in futures trade as speculators reduced their positions

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On the Multi Commodity Exchange, gold contracts for February delivery traded lower by Rs 52 or 0.08% at Rs 61,129 per 10 grams in a business turnover of 14,718 lots

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Analysts attributed the fall in gold prices to weak global cues

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Globally, gold was trading 0.04% higher at $1,993.90 per ounce in New York

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