Gold Futures Drop to Rs 1,40,100 Amid Weak Spot Demand

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Jul 17, 2026 11:57

Gold futures in India dropped by Rs 248 to Rs 1,40,100 per 10 grams on MCX due to weak spot demand. Global gold prices also saw a decline.

Gold Futures Drop to Rs 1,40,100 Amid Weak Spot Demand

Photograph: Arnd Wiegmann/Reuters

New Delhi, Jul 17 (PTI) Gold prices on Friday dropped by Rs 248 to Rs 1,40,100 per 10 grams in futures trade amid a fall in spot demand.

On the Multi Commodity Exchange, yellow metal contracts for August delivery traded lower by Rs 248, or 0.18 per cent, at Rs 1,40,100 per 10 grams in a business turnover of 1,026 lots.

Analysts attributed the decline in precious metal prices to weaker spot demand.

Globally, gold futures fell by 0.23 per cent to USD 3,985.52 per ounce in New York.

Source: PTI By Rediff Money Desk, New Delhi

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