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Gold Futures Fall On Low Demand

Gold contracts for December traded lower by Rs 53, or 0.11 per cent, to Rs 46,984 per 10 grams in a business turnover of 13,743 lots.

Photo Credit : Reuters

1457075107_zkeKGP_GOLD-PRICES-reuters-870.jpg

Gold prices fell by Rs 53 to Rs 46,984 per 10 gram in futures trade on Monday as speculators reduced their positions amid low demand.

On the Multi Commodity Exchange, gold contracts for December traded lower by Rs 53, or 0.11 per cent, to Rs 46,984 per 10 grams in a business turnover of 13,743 lots.

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

Globally, gold traded 0.05 per cent lower at USD 1,756.60 an ounce in New York. 

(PTI)


Tags assigned to this article:
gold prices gold demand