Gold Futures Fall: Muted Demand Impacts Prices
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Gold futures decline in India due to muted demand. October contracts depreciate on MCX. Weak global cues contribute to the fall.
Photograph: ANI Photo
New Delhi, Aug 25 (PTI) Gold prices on Monday declined by Rs 34 to Rs 1,00,350 per 10 grams in futures trade amid muted spot demand.
On the Multi-Commodity Exchange, gold contracts for October delivery depreciated Rs 34 or 0.03 per cent to Rs 1,00,350 per 10 grams in a business turnover of 12,721 lots.
Analysts attributed the fall in yellow metal prices to weak global cues.
In the international markets, gold futures fell 0.20 per cent to USD 3,365 per ounce in New York.
On the Multi-Commodity Exchange, gold contracts for October delivery depreciated Rs 34 or 0.03 per cent to Rs 1,00,350 per 10 grams in a business turnover of 12,721 lots.
Analysts attributed the fall in yellow metal prices to weak global cues.
In the international markets, gold futures fell 0.20 per cent to USD 3,365 per ounce in New York.
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