Gold Futures Decline on Weak Demand - PTI
Apr 29, 2024 13:22
Gold prices fell on Monday, driven by weak global cues and profit booking, with futures trading down Rs 2 to Rs 71,498 per 10 grams.
Photograph: Kind courtesy anomalnaya/Pixabay
New Delhi, Apr 29 (PTI) Gold prices on Monday declined marginally by Rs 2 to Rs 71,498 per 10 grams in futures trade as speculators reduced their positions.
On the MCX, gold contracts for June delivery traded marginally lower Rs 2 at Rs 71,498 per 10 grams in a business turnover of 19,417 lots.
Analysts attributed the fall in gold prices to weak global cues and profit booking at higher level.
Globally, gold was trading 0.12 per cent lower at USD 2,344.40 per ounce in New York.
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