Gold Futures Decline on MCX: Weak Demand, Profit Booking
Apr 24, 2024 13:26
Gold prices fell on the Multi Commodity Exchange (MCX) on Wednesday, driven by profit booking and weak global cues. Gold futures for June delivery closed at Rs 70,984 per 10 grams.
New Delhi, Apr 24 (PTI) Gold prices on Wednesday declined Rs 45 to Rs 70,984 per 10 grams in futures trade on the Multi Commodity Exchange amid profit booking.
On the MCX, gold contracts for June delivery traded lower Rs 45 or 0.06 per cent at Rs 70,984 per 10 grams in a business turnover of 19,314 lots.
Analysts attributed the fall in gold prices to weak global cues and profit booking at higher level.
Globally, gold was trading 0.14 per cent lower at USD 2,338.90 per ounce in New York.
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