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BW Businessworld

Gold Futures Fall On Low Demand

Gold contracts for December traded lower by Rs 33, or 0.07 per cent, to Rs 46,874 per 10 grams in a business turnover of 1,346 lots.

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Gold prices fell Rs 33 to Rs 46,874 per 10 grams in the futures trade on Thursday, as speculators reduced their positions amid low demand.

On the Multi Commodity Exchange, gold contracts for December traded lower by Rs 33, or 0.07 per cent, to Rs 46,874 per 10 grams in a business turnover of 1,346 lots.

Analysts attributed the fall in gold prices to trimming of positions by participants.

Globally, gold traded 0.07 per cent lower to USD 1,760.50 an ounce in New York.

(PTI)


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