Gold futures prices fell on Tuesday, with a decline of ₹93, settling at ₹70,645 per 10 grams in the futures market. The drop, attributed to weak global cues, reflects a sluggish demand in the commodities market.

On the Multi Commodity Exchange (MCX), gold contracts for October delivery decreased by ₹93, or 0.13%, to reach ₹70,645 per 10 grams. This decline occurred against a backdrop of trading activity involving 17,454 lots.

Market analysts point to weak global signals as the primary reason for the drop in gold futures. These global cues, which include a variety of economic factors and market sentiment, have contributed to a softer demand for gold, affecting its price in the futures market.

The reduction in gold prices highlights the ongoing volatility in the precious metals sector, influenced by broader economic conditions and market dynamics. Traders and investors are closely monitoring global developments that could further impact gold prices in the near term.