Gold Futures Fall on Low Demand: MCX Prices Decline
Gold prices fell on the MCX due to reduced speculation and weak global cues. Learn about the latest gold prices and market trends.
New Delhi, May 8 (PTI) Gold prices on Wednesday declined Rs 137 to Rs 71,011 per 10 grams in futures trade as speculators reduced their positions.
On the MCX, gold contracts for June delivery traded lower Rs 137 at Rs 71,011 per 10 grams in a business turnover of 16,101 lots.
Analysts attributed the fall in gold prices to weak global cues and profit booking at higher level.
Globally, gold was trading 0.24 per cent lower at USD 2,318.60 per ounce in New York.
On the MCX, gold contracts for June delivery traded lower Rs 137 at Rs 71,011 per 10 grams in a business turnover of 16,101 lots.
Analysts attributed the fall in gold prices to weak global cues and profit booking at higher level.
Globally, gold was trading 0.24 per cent lower at USD 2,318.60 per ounce in New York.
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