Gold Futures Drop to Rs 85,991/10gm
Gold futures prices fell to Rs 85,991 per 10 grams on Monday, influenced by weak global cues and muted spot demand. Read more to learn about the factors contributing to the decline.
Photograph: ANI Photo
New Delhi, Feb 24 (PTI) Gold prices on Monday fell by Rs 19 to Rs 85,991 per 10 grams in futures trade amid muted spot demand.
On the Multi Commodity Exchange, gold contracts for April delivery traded lower by Rs 19 or 0.02 per cent at Rs 85,991 per 10 grams in a business turnover of 16,176 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold futures increased by 0.05 per cent to USD 2,937.38 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for April delivery traded lower by Rs 19 or 0.02 per cent at Rs 85,991 per 10 grams in a business turnover of 16,176 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold futures increased by 0.05 per cent to USD 2,937.38 per ounce in New York.
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