Gold Futures Drop Rs 446 to Rs 84,750/10g
Gold prices declined in India's futures market, influenced by weak global cues. Gold futures for April delivery on the Multi Commodity Exchange traded lower by Rs 446, reaching Rs 84,750 per 10 grams.
New Delhi, Feb 28 (PTI) Gold prices on Friday declined Rs 446 to Rs 84,750 per 10 grams in futures trade amid muted spot demand.
On the Multi Commodity Exchange, gold contracts for April delivery traded lower by Rs 446 or 0.52 per cent to Rs 84,750 per 10 grams in a business turnover of 14,812 lots.
Analysts attributed the fall in gold prices to weak global cues.
In the international markets, gold futures depreciated by USD 20.50 per ounce or 0.71 per cent to USD 2,875.40 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for April delivery traded lower by Rs 446 or 0.52 per cent to Rs 84,750 per 10 grams in a business turnover of 14,812 lots.
Analysts attributed the fall in gold prices to weak global cues.
In the international markets, gold futures depreciated by USD 20.50 per ounce or 0.71 per cent to USD 2,875.40 per ounce in New York.
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