Gold Futures Fall on Low Demand - MCX Prices Drop
Gold prices fell on Friday, dropping Rs 100 to Rs 70,636 per 10 grams in futures trade on the MCX due to weak global cues and profit booking. Read more.
New Delhi, May 3 (PTI) Gold prices on Friday declined Rs 100 to Rs 70,636 per 10 grams in futures trade as speculators reduced their positions.
On the MCX, gold contracts for June delivery traded lower Rs 100 at Rs 70,636 per 10 grams in a business turnover of 17,808 lots.
Analysts attributed the fall in gold prices to weak global cues and profit booking at higher level.
Globally, gold was trading 0.05 per cent lower at USD 2,308.40 per ounce in New York.
On the MCX, gold contracts for June delivery traded lower Rs 100 at Rs 70,636 per 10 grams in a business turnover of 17,808 lots.
Analysts attributed the fall in gold prices to weak global cues and profit booking at higher level.
Globally, gold was trading 0.05 per cent lower at USD 2,308.40 per ounce in New York.
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