Gold Futures Slip on Low Demand - PTI
Gold prices in India declined slightly on Thursday due to reduced speculation and weak global cues. Analysts attributed the fall to global trends.
New Delhi, Jul 4 (PTI) Gold prices on Thursday marginally declined Rs 69 to Rs 72,334 per 10 grams in futures trade as speculators reduced their positions.
On the Multi Commodity Exchange, gold contracts for August delivery traded marginally lower Rs 69 or 0.1 per cent at Rs 72,334 per 10 grams in a business turnover of 14,209 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold was trading 0.27 per cent lower at USD 2,362.90 per ounce in New York.
On the Multi Commodity Exchange, gold contracts for August delivery traded marginally lower Rs 69 or 0.1 per cent at Rs 72,334 per 10 grams in a business turnover of 14,209 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold was trading 0.27 per cent lower at USD 2,362.90 per ounce in New York.
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