Gold futures fall on low demand

Gold price on Monday fell Rs 32 to Rs 63,080 per 10 grams in futures trade as speculators reduced their positions

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On the Multi Commodity Exchange, gold contracts for December delivery traded marginally lower by Rs 32 or 0.05 per cent at Rs 63,080 per 10 grams in a business turnover of 96 lots

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Analysts attributed the fall in gold prices to the trimming of positions by participants

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Globally, gold was trading 0.22 per cent lower at $2,085 per ounce in New York

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