Gold futures fall on low demand

NEW DELHI: Gold prices fell Rs 13 to Rs 47,448 per 10 gram in the futures trade on Tuesday as speculators reduced their positions amid low demand.

On the

Multi Commodity Exchange

, gold contracts for the August delivery traded lower by Rs 13, or 0.03 per cent, to Rs 47,448 per 10 gram in a business turnover of 4,726 lots.

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

Globally, gold traded 0.26 per cent lower to

USD

1,798.80 an ounce in

New York

.