Gold Futures Drop on Low Demand - PTI
Feb 08, 2024 13:18
Gold prices fell in futures trading on Thursday due to reduced speculative positions and weak global cues. Learn more about the decline in gold prices.
New Delhi, Feb 8 (PTI) Gold prices on Thursday declined Rs 84 to Rs 62,440 per 10 grams in futures trade as speculators reduced their positions.
On the Multi Commodity Exchange, gold contracts for April delivery traded lower Rs 84 or 0.13 per cent at Rs 62,440 per 10 grams in a business turnover of 14,217 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold was trading 0.19 per cent lower at USD 2,047.90 per ounce in New York.
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