Gold Futures Decline on Weak Demand - PTI
By Rediff Money Desk, New Delhi May 21, 2024 13:35
Gold prices fell in India due to reduced speculative positions and weak global cues, with futures contracts for June delivery trading lower at Rs 73,909 per 10 grams on the MCX.
![Gold Futures Decline on Weak Demand - PTI](https://im.rediff.com/money/2022/apr/28gold3.jpg)
New Delhi, May 21 (PTI) Gold price on Tuesday declined Rs 458 to Rs 73,909 per 10 grams in futures trade as speculators reduced their positions.
On the MCX, gold contracts for June delivery traded lower Rs 458 at Rs 73,909 per 10 grams in a business turnover of 10,048 lots.
Analysts attributed the fall in the precious metal price to weak global cues.
Globally, gold was trading 0.66 per cent lower at USD 2,422.30 per ounce in New York.
On the MCX, gold contracts for June delivery traded lower Rs 458 at Rs 73,909 per 10 grams in a business turnover of 10,048 lots.
Analysts attributed the fall in the precious metal price to weak global cues.
Globally, gold was trading 0.66 per cent lower at USD 2,422.30 per ounce in New York.
Source: PTI
Read More On:
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
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...