Gold Futures Slip on Low Demand: Prices Decline in India

By By Rediff Money Desk, New Delhi
Aug 30, 2024 13:39
Gold futures prices in India declined on Friday, falling by Rs 157 to Rs 72,031 per 10 grams, driven by weak global cues and low demand.
Photograph: ANI Photo
New Delhi, Aug 30 (PTI) Gold prices on Friday declined Rs 157 to Rs 72,031 per 10 grams in futures trade amid weak global cues.

On the Multi Commodity Exchange, gold contracts for October delivery traded lower by Rs 157 to Rs 72,031 per 10 grams in a business turnover of 16,538 lots.

Analysts attributed the fall in gold prices to weak global cues.

Globally, gold prices went down by 0.27 per cent to USD 2,553.50 per ounce in New York.
Source: PTI
Read More On:
goldmulti commodity exchangegold pricescommoditygold futures
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Vodafone Idea Network Outage: Services Restored...

Vodafone Idea experienced a network outage in the early hours of Friday, affecting...

Maharashtra Vision 2047: Advisory Committee for...

Maharashtra government forms advisory committee led by CM to create vision plan for...

Mangi Lal Jat Appointed Secretary, DARE & ICAR DG

Mangi Lal Jat, currently Deputy Director General at ICRISAT, has been appointed as...

ITC Acquires 24 Mantra Organic for Rs 472.50 Cr

ITC to acquire 24 Mantra Organic brand for Rs 472.50 crore, strengthening its presence...

ABB to Spin Off Robotics Division in 2026

ABB plans to spin off its Robotics division, creating a separate publicly traded...

Motilal Oswal MF Acquires Coforge Shares for Rs...

Motilal Oswal Mutual Fund has bought additional shares of Coforge worth Rs 231 crore...

India Steel 2025: PM Modi to Inaugurate Event...

Prime Minister Narendra Modi will inaugurate the India Steel 2025 event in Mumbai on...

Zydus MedTech Partners with Braile Biomedica...

Zydus MedTech collaborates with Braile Biomedica to commercialize TAVI technology...

sirrus.ai PropTech Sees Growth Amid Urbanization

sirrus.ai, an AI-driven proptech platform, expects a significant jump in deals driven...

Gujarat Launches First SpaceTech Policy in India

Gujarat becomes the first state in India to introduce a dedicated SpaceTech Policy,...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com