Gold Futures Fall on Weak Demand: MCX Prices Drop - PTI
Gold futures prices fell on the MCX on Tuesday, attributed to weak global cues and reduced speculation. Learn more about the decline in gold prices.
Photograph: Kind courtesy anomalnaya/Pixabay
New Delhi, May 28 (PTI) Gold price on Tuesday declined Rs 166 to Rs 71,843 per 10 grams in futures trade as speculators reduced their positions.
On the MCX, gold contracts for June delivery traded lower Rs 166 at Rs 71,843 per 10 grams in a business turnover of 4,742 lots.
Analysts attributed the fall in the precious metal price to weak global cues.
Globally, gold was trading 0.39 per cent higher at USD 2,366.10 per ounce in New York.
On the MCX, gold contracts for June delivery traded lower Rs 166 at Rs 71,843 per 10 grams in a business turnover of 4,742 lots.
Analysts attributed the fall in the precious metal price to weak global cues.
Globally, gold was trading 0.39 per cent higher at USD 2,366.10 per ounce in New York.
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