Gold futures fall on low demand

New Delhi: Gold prices fell by Rs 53 to Rs 46,984 per 10 gram in futures trade on Monday as speculators reduced their positions amid low demand.

On the Multi Commodity Exchange, gold contracts for December traded lower by Rs 53, or 0.11 percent, to Rs 46,984 per 10 grams in a business turnover of 13,743 lots.

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

Globally, gold traded 0.05 percent lower at USD 1,756.60 an ounce in New York.